Eurozone, U.S. bond yields edge higher ahead of ECB quarter-point hike

  • Eurozone and U.S. Treasury yields edged higher before key monetary policy and debt-market events.
  • ECB officials are expected to deliver a quarter-point rate hike at 1215 GMT.
  • President Christine Lagarde’s post-decision comments will address inflation and the future rate path.

Long-dated eurozone government bond and U.S. Treasury yields edged higher in early European trade as markets awaited the European Central Bank’s expected quarter-point rate hike and the U.S. Treasury’s first buyback auction with increased volume. The ECB’s monetary policy decision is due at 1215 GMT, followed by a press conference with President Christine Lagarde. Because the rate increase is viewed as nearly certain, investors are focusing on Lagarde’s comments, especially on inflation, for indications about the future path of interest rates.

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