--- title: "全球债券市场的抛售潮推动欧元区债券收益率上升，德国国债收益率达到 15 年来的峰值" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286763910.md" description: "欧元区债券收益率在全球抛售中上升，德国 10 年期国债收益率达到 15 年来的最高点 3.1796%。由于中东冲突导致能源价格上涨，引发了对通胀的担忧，进一步加息的恐慌也随之而来。意大利 10 年期收益率也有所上升，而英国国债收益率在政治不确定性中下跌。分析师预计，随着市场等待即将发布的经济数据，德国国债将保持稳定，欧洲央行下次会议加息 25 个基点的可能性为 85%" datetime: "2026-05-18T11:15:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286763910.md) - [en](https://longbridge.com/en/news/286763910.md) - [zh-HK](https://longbridge.com/zh-HK/news/286763910.md) --- # 全球债券市场的抛售潮推动欧元区债券收益率上升，德国国债收益率达到 15 年来的峰值 LONDON, May 18 (Reuters) - Euro zone bond yields rose on Monday amid a broader global bond selloff, with investors worried that higher energy prices amid the Middle East conflict could fuel inflation and prompt further interest rate hikes. The yield on the German 10-year bond, the benchmark for the euro zone, touched a fresh 15-year high, up 2.5 bps to 3.1796%. On Friday, the yield had risen as much as 8.5 bps to its highest level since May 2011. Bonds from Tokyo to New York extended losses on Monday as investors grew increasingly jittery about inflation, with a deadlock in the Iran war dragging on. Italian 10-year yields meanwhile rose 3 bps to 3.973%, earlier hitting their highest level in six weeks. European Central Bank head Christine Lagarde, asked on Monday if she was worried by the bond selloff, replied to reporters: "I always worry, that's my job!" Moves on shorter-dated bond yields were more muted, with Germany's 2-year bond yield up 1.4 bps at 2.7442% while Italy's 2-year yield rose 1.8 bps to 2.9617 "Inflation and deficit concerns have been in the background for a while. UK was probably the catalyst for bringing these concerns to the fore," wrote Mohit Kumar, chief economist for Europe at Jefferies. UK 10-year gilt yields fell 3 bps on Monday, having on Friday registered their biggest daily slump since April 2025 amid rising political uncertainty as British Prime Minister Keir Starmer comes under intense pressure to quit. But the Iran war remains the main focus for markets on Monday, said Olle Holmgren, strategist at SEB Research, who added that he will be closely watching PMIs due out of the euro zone and the UK later this week. "The impact on growth is interesting, but it will also be interesting to see what happens to both input and output prices - especially output prices where you saw a relatively large increase in Germany in April," he said. UK PMIs for April will hit screens later this week as will euro zone PMIs, followed by euro zone consumer confidence survey and Germany's Ifo survey. Commerzbank analysts said in a note that they expect Bunds to remain rangebound for the first half of the week as markets digest Friday's steep moves, with data later this week serving as a reality check. "Given the front-end has come a long way and the ceasefire in Iran that is fragile but enduring so far, 10y yields look set to consolidate near current levels," they wrote. Traders will be looking for any hint that inflation is feeding through to the real economy, as they wait to see how central banks react to rising prices. Markets are placing an 85% chance on a 25 bps hike at the European Central Bank's (ECB's) next meeting. (Reporting by Lucy Raitano; Editing by Andrew Cawthorne) ### 相关股票 - [EWG.US](https://longbridge.com/zh-CN/quote/EWG.US.md) - [EWI.US](https://longbridge.com/zh-CN/quote/EWI.US.md) - [IEUR.US](https://longbridge.com/zh-CN/quote/IEUR.US.md) - [JEF.US](https://longbridge.com/zh-CN/quote/JEF.US.md) - [CBK.DE](https://longbridge.com/zh-CN/quote/CBK.DE.md) - [TRI.US](https://longbridge.com/zh-CN/quote/TRI.US.md) ## 相关资讯与研究 - [欧元区商业活动以 2023 年来最快步伐萎缩 油价飙升重创经济的担忧加剧](https://longbridge.com/zh-CN/news/287200475.md) - [Sidus Space 公布 2026 年第一季度财务业绩，显示收入和毛利率同比增长 | MTEK 股票新闻](https://longbridge.com/zh-CN/news/286468820.md) - [ZAWYA：SNB 与 Almosafer 签署战略合作协议，旨在提升银行客户的旅行体验](https://longbridge.com/zh-CN/news/286889048.md) - [三星手机的推迟为苹果创造了一个机会，使其有望迎来一个 iPhone 的丰收年](https://longbridge.com/zh-CN/news/286668055.md) - [ETSN BioScience 在 1b/2 期临床试验中首次为患者服用'SNB-101'](https://longbridge.com/zh-CN/news/286479063.md)