Germany Sells 10Y Bunds at 3.39%, Highest Yield Since 2009

Germany's Financial Agency placed €5.5bn in 10-year bonds at an average yield of 3.39%, the highest since 2009. This reflects rising long-term borrowing costs in the eurozone's benchmark issuer, likely driven by inflation expectations and global rate dynamics. The development signals sustained upward pressure on European sovereign yields, with implications for regional funding costs and monetary policy expectations.