Eurozone government bond yields rose alongside US Treasury yields as escalating conflict in the Middle East caused oil prices to surge and fueled inflation concerns. However, yield gains were limited as the US and Israeli military strikes against Iran also spurred demand for safe-haven assets. "So far, the market's reaction to the escalation in the Middle East has been relatively orderly," said Rainer Guntermann of Commerzbank in a report. He also noted that risk aversion may intensify, while the impact of soaring oil prices on German government bonds should be limited. Tradeweb data showed that the 10-year German government bond yield rose 1.5 basis points to 2.665%, while the 10-year US Treasury yield rose 1 basis point to 3.970%. (Jinshi)