[European Central Bank Vice President: Global Bond Yield Rise to High Levels Does Not Pose Stability Threat] European Central Bank Vice President Luis de Guindos stated that market bets on further ECB rate hikes are primarily driven by rising energy prices, but policymakers will examine broader economic indicators when deciding on the next steps. He said: 'The pricing of the interest rate path is mainly driven by rising energy prices. I want to emphasize that when making monetary policy decisions, we do not only look at energy prices but consider broader data and criteria. Focusing solely on energy prices is not advisable, no matter how important they are. If inflation remains high throughout the autumn and affects household income and consumption behavior, it will also have a suppressing effect on GDP. We will observe the situation in the coming months and adjust policy accordingly.' Due to rising inflation and interest rate expectations, as well as the massive borrowing needs of governments and tech companies, global bond yields have risen to their highest levels since before the financial crisis.