European stock markets down, government bond yields at historic highs

European stock markets worsen as investors start pounding the bond market again, with government bonds from several countries hitting new highs.

After the thirty-year Treasuries, the yields on ten-year T-Bonds also reached their highest levels since 2002, rising by 5 basis points to 5.33% while the British thirty-year bond jumped to 6% for the first time since 1988. The BTP yield widens by 9 basis points, reaching 4.7%, a new high since 2023, second only to France by 10 points.

London lost 1.7%, Paris 1.5%, Milan 1.3% and Frankfurt 0.8% while futures on Wall Street lost ground.