Iran crisis sparks worst eurozone bond sell-off in a decade

The Iran conflict drove Italy's 10-year yield to its highest since mid-2024 and France's to a 17-year peak, with March sell-offs comparable to the 2022 energy crisis.

Barclays, J.P. Morgan, and Morgan Stanley now forecast up to three ECB rate hikes this year, a sharp reversal from earlier expectations of cuts.

Spain and Italy unveiled emergency fiscal packages to shield consumers, but analysts warn prolonged conflict could push borrowing costs towards unsustainable levels.#iran