Mumbai, May 6 -- Germany's 10-year Bund yield eased from multi-year highs as sliding crude oil prices weighed on the sentiments. Yields had edged up recently as investors bet on imminent ECB rate hikes to combat inflation. However, WTI Crude oil prices eased under $100 per barrel today amid renewed focus on the Strait of Hormuz. Germany's 10 year Bund yield also drifted lower following this and broke under 3% mark. Yield had hit near 3.09% mark earlier this week. The European Central Bank kept rates unchanged last week, but hinted that policy tightening might be necessary in June.

Published by HT Digital Content Services with permission from Capital Market....