Euro zone bond yields edge up as oil rises on Hormuz doubts

Euro zone bond yields have risen to their highest levels in more than a decade in some cases over the last week and a half as investors fret about inflation and government spending.

Germany's 10-year yield hit a 15-year high of 3.275% last week, while the 30-year yield also reached its highest level in 15 years at 3.787%.

France's 10-year yield was 2 bps higher at 4.10%, although remained below last week's 18-year high of 4.143%.

France faces a budget battle in the coming months as political parties jockey for position ahead of next year's presidential election, with investors anxious about public finances.

Qatar's prime minister visited Tehran on Thursday to try to relaunch diplomacy between the U.S. and Iran, with both sides at odds over control of the Strait of Hormuz, through which 20% of the world's energy typically flows.