Germany’s 10-year Bund yield stabilized around 3.38%, just below last week’s more than 15-year high of 3.3951%, as rising oil prices revived inflation concerns ahead of the European Central Bank’s policy meeting. Brent crude reached a fresh six-week high amid renewed U.S.-Iran fighting and reports that Iran and Oman were nearing an arrangement to manage shipping through the Strait of Hormuz. The ECB is widely expected to raise interest rates on Thursday, and markets are nearly fully pricing another increase by year-end. The bond-market pressure follows the AfD’s strong Saxony-Anhalt election result and record net short positioning in major government-bond futures by systematic funds. In the U.S., a stronger-than-expected jobs report pushed the implied probability of a Federal Reserve rate increase next week to nearly 60%, with inflation data due later this week.