Interest on 10-year bonds from the United States of America and Germany is currently trading in values that have not been seen since 2007 and 2009, respectively.
© Lusa
15/09/2026
by
Lusa
The rise in bond yield has been seen around the world, including in Portugal.
In Germany, the ‘yield’ of 10-year bonds at 11:15 rose to 3.534%, the highest figure since 18 June 2009, while the United States of America exceeded 5% and reached a maximum since June 2009.
Already 30 years ago, the 5.373 percent of US debt today represents the highest value since June 12, 2007.
With the worsening outlook for inflation, investors have admitted to the sale of bonds by pushing the ‘yields’ to peaks over several years.
The rise in the yields takes place in a context of rising the price of the barrel of oil and natural gas due to the conflict in the Middle East and the disruption of the circulation of energy raw materials in the Strait of Ormuz.
This morning, Brent's barrel for delivery in November went up 0.89% to $106.6, while Texas Crude (WTI) advanced 1.63% to 103 dollars.
The TTF gas jumped on Monday about 4% and negotiated in the 82 euros per megawatt-hour.
This energy pressure has had an impact on inflation, with IMF forecasts pointing to an overall rate of 4.7% this year. In the euro area, economists from the European Central Bank (ECB) maintained their forecasts, pointing to 3.0% this year, 2.3% next year and 2.1% in 2028.
Inflation is, alongside the labour market, one of the main indicators to dictate the direction of monetary policy.
Last week, the ECB announced the second rise in the year of key interest rates, with the top 2.5%.
Today, the meeting of the Federal Reserve begins and the markets anticipate that, on Wednesday, an increase of 25 basis points will be announced.