The Zhitong Finance App learned that the sell-off in the European bond market intensified further on Thursday. After raising interest rates, ECB President Lagarde warned that rising energy prices were increasing the risk of inflation. Combined with Brent crude oil breaking through $105 per barrel and European gas prices rising to the highest level since the end of 2022, investors further increased their bets on the ECB's subsequent rate hikes. The yield on German two-year treasury bonds once surged 12 basis points to 3.19%, the highest level in nearly three years.

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