German Yields Surge to Multi-Year Peaks After Fed Chair Signals Hawkish Tilt
German government bond yields climbed sharply as remarks from Federal Reserve Chair Kevin Warsh prompted a broad selloff in U.S. Treasuries and a repricing of rate expectations. Short-dated German yields reached levels not seen since mid-2024 while the 10-year Bund touched highs last recorded in 2011. Money markets raised the odds of a U.S. 25-basi…