[Eurozone Bond Yields Surge as ECB's Rate Hike Cycle Not Yet Over] Jin10 News, September 10 – On Thursday, Eurozone government bond yields hit multi-year highs. Germany's 10-year government bond yield rose to 3.482%, the highest level since 2011, while France's 30-year government bond yield climbed to over 5.1%, the highest level since late 2003. The yield spread between French and German 10-year government bonds widened to over 90 basis points, the highest level since 2012. Previously, the European Central Bank (ECB) implemented its second rate hike of the year and stated that inflation risks remain tilted to the upside. This decision and accompanying statement intensified pressure on the bond market, as traders increased their bets on further rate hikes. Markets now anticipate an additional 60 basis points of hikes by the ECB's April 2027 meeting, up from approximately 51 basis points before the statement was released. Aberdeen economist Felix Feather noted that more significant than the action itself is the ECB's acknowledgment during this meeting that the economy is stronger than expected a few months ago and that the inflation outlook is more persistent. Today's decision indicates that the ECB Governing Council is increasingly uncertain that 2.5% will necessarily mark the endpoint of this rate hike cycle.