Euro Zone Yields Climb as Rate Cut Bets Ease and Inflation Rises
• Euro zone bond yields rise as market bets on rate cuts are repriced • German inflation rose in December, giving ECB argument for steady rates • Money market bets now price fewer 2024 ECB rate cuts than late 2022 • January sees 150 billion euro government bond supply, fueling yield unease • Analysts say 2024 euro zone net supply outlook manageable despite record high