German 10-year yield hits 3.53%, highest since 2009

Eurozone bond yields rose sharply on Monday, with the German 10-year yield reaching 3.53%, the highest level since August 2009. This signals a significant repricing of long-term rate expectations, likely driven by inflation persistence or fiscal concerns. The move suggests markets are pricing in a higher-for-longer rate environment, which could pressure eurozone equities and peripheral debt.