Euro zone bond yields rose on Thursday, after investors used upbeat results from AI bellwether Nvidia to swoop back into risk assets like stocks, ahead of delayed U.S. jobs data that could set the tone for Treasuries and the wider fixed income market for the coming weeks. With investors feeling more positive, for now, about the resilience of the stock market and the AI story that underpins it, bonds have come under pressure. This has come particularly at the longer end of the curve, where yields in Japan have hit record highs, while those on UK and U.S. debt have cranked to their highest in over six weeks.

Long-dated German bond yields have been no exception, with 30-year debt now at 3.34%, at its highest since late September. The benchmark German 10-year Bund yield was up 1.3 basis point

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