Europe’s bonds get wake-up call from ECB warning
This year’s devastating losses for bond holders may continue in 2023. Interest rates will rise further and the ECB will shrink its vast crisis-era debt holdings just as governments ramp up issuance. Germany’s 2-year note touched 2.50%, its highest since 2008. The spread between German and US 10-year yields has narrowed the most since March 2020.

18 December 2022

Bloomberg