🇪🇺 EUROPEAN LONG-TERM BOND YIELDS HIT DECADE HIGHS Long-dated government bond yields in Europe surged to their highest levels in over a decade, driven by concerns over rising debt and stubborn inflation. 🔸 France’s 30-year yield hit 4.5%, its highest since 2009, as the government faces a likely failed confidence vote over deficit cuts. 🔸 German 30-year yields reached 3.4%, the highest since 2011, while Dutch yields rose to 3.57% and U.K. yields to 5.69% — the highest since 1998. 🔸 German bonds, usually a safe haven, are pressured by plans for higher defense spending. Stronger-than-expected August inflation added to concerns, raising the chance the ECB keeps rates steady. Analysts warn of a “vicious circle” where rising debt worries push yields higher, worsening fiscal strains.(*Walter Bloomberg)