- The majority of global 10-year benchmark notes hit 3-year yield highs early in May after central banks around the world began to tighten monetary policy.
- Across Europe, inflation has soared, as the region continues to deal with the impact of the war in Ukraine and supply chain issues following the Covid-19 pandemic.
- The greatest mover in May was Italy, gaining 35 basis points for a 3.14% closing yield, with Greece behind it, gaining 26 basis points and ending the month with a yield of 3.46%.
For further details see:
Tradeweb Government Bond Update - May 2022