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German minister ties revenue increase to Iran conflict
German Finance Minister Lars Klingbeil attributed the rise in 30-year German bond yields to global uncertainty related to the U.S.-Iran conflict, noting that last week the yields reached 3.79%, their highest level since 2011. Although direct tensions between the two countries have not escalated, attacks on ships in the Strait of Hormuz have continued, fueling economic and inflationary concerns in the markets.
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