The yield on Italy's benchmark 10-year government bond rose on Monday to levels not recorded since January 2014, as the sell-off on European stock markets continues, with inflation concerns mounting among the investors.
The traders are seemingly worried that the central banks could turn to more aggressive interest rate hikes than the ones predicted in the upcoming period.
The 10-year Italian federal bond yield rose by 14.2 basis points to 3.987% at 12:28 pm CET.
