Global market: Euro zone bond yields ease after multi-year highs as oil retreats below $100

Euro zone bond yields eased slightly after hitting multi-year highs, with Germany's 10-year benchmark yield slipping around 1.5 basis points to 3.1965% as oil prices retreated below the USD 100 mark, with Brent crude falling 2.1% to USD 98.59 a barrel. The European Central Bank kept rates unchanged but signalled possible further hikes as inflation concerns persist due to elevated energy costs and renewed Middle East tensions. Separately, the US imposed tariffs of 10% and 12.5% on imports from 60 trading partners including the EU after a temporary 10% global tariff expired, adding to trade tensions.