European Bond Rout Keeps Up Pace

A rout in European bond prices persisted Thursday, leaving yields to rebound from the record lows they had hit as a result of the European Central Bank's 1.1-trillion-euro ($1.25 trillion) bond-buying program it launched in March. The widely watched yield on the 10-year German bund on Thursday was driven up 14 basis points to 0.74%, just two weeks after reaching an all-time low of 0.05%. The yield on the 10-year French bond rose 14 basis points to 1.05%, according to Tradeweb data.