German Bond Yields Hit 15-Year High Amid Oil Price Spike and ECB Expectations

German bond yields have reached their highest levels in 15 years amid rising energy prices and increased inflation expectations, signaling market anticipation for interest-rate hikes by the European Central Bank. The surge in yields reflects investor concerns about inflation pressures ahead of the ECB's policy decision scheduled for Thursday. This development suggests growing market confidence that the central bank will take hawkish action to combat rising prices.