Euro-area bond yields pull back after midweek peaks amid diplomatic and inflation cues
Euro zone government bond yields eased on Wednesday after hitting multi-year highs earlier in the week. Germany's 10-year yield dropped to 3.09% while UK gilts and short-dated German bonds also fell. Markets reacted to diplomatic comments on Iran, the movement of oil tankers through the Strait of Hormuz, and softer-than-expected UK inflation, promp…