Investing.com - Germany's 10-year bond yield hit a fresh 2015 high on Thursday, as deflation fears eased amid recovering oil prices and following the introduction of the European Central Bank's massive quantitative easing program.
Germany 10-Year bonds rose to a session high of 0.796%, a level not seen since November 21, before trading at 0.734% during European morning hours, up 15.3 basis points, or 25.21%.
The 10-year German government bond yield hit an all-time low of 0.048% on April 17, before moving higher as European economic data improved.
Meanwhile, the euro was up 0.27% to trade at 1.1380 against the U.S. dollar after touching an intraday peak of 1.1392, the most since February 25.
Elsewhere, European stock markets were under heavy selling pressure. Germany's DAX tumbled 1.3%, the EURO STOXX 50 dropped 1.65%, France's CAC 40 lost 1.8% while London’s FTSE 100 slumped 1.5%.