German 10-Year Bond Yield Rises to Week-High on Fed Rate Message

August 29, 2016 10:38 AM

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German government bonds declined, pushing 10-year yields to the highest in more than a week, after Federal Reserve Chair Janet Yellen bolstered speculation that the central bank will raise interest rates this year, sapping demand for safe-haven assets.

The drop followed a slide in similar-maturity Treasuries late Friday that was the biggest in two weeks. Bonds across the euro region are coming under pressure as investors also await a wave of new supply, after a summer lull that saw Germany being the sole issuer last week. Offerings via banks may p...

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