Bond Markets Stabilize: European Yields Ease as US Rates Climb

European government bond yields eased slightly following a sharp sell-off, according to a report by Euronews. At the same time, mortgage interest rates in the United States reached 7%.

Meanwhile, CNBC reported that US Treasury yields edged higher toward the end of the week, driven by stronger-than-expected US economic data as the wider rout in global debt markets showed signs of slowing.