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Yields on 30-year US Treasuries climbed to levels last seen in 2007.
Traders are betting the Federal Reserve may be forced to raise interest rates rather than cut them.
Philadelphia Fed President Anna Paulson stated that current monetary policy is mildly restrictive, which is helping to control inflation while the labor market remains stable.
ECB rate-setter Joachim Nagel stated there is a higher probability that policymakers may need to take action due to deviation from the baseline economic scenario.
Investors and most economists anticipate the European Central Bank will implement a quarter-point rate hike next month.
President Trump has threatened to resume military strikes against Iran if the country does not agree to a deal.
The European Union has finalized the text of its trade deal with the United States.
The EU-US trade deal would eliminate EU levies on US industrial goods in exchange for a 15% tariff ceiling on EU exports to the US.
The US Defense Department will permanently cut approximately 4,000 soldiers from Europe.
The policy platform of Reform UK's Richard Tice includes scrapping Britain's net-zero targets and ending all green subsidies.
Revenue estimates for Nvidia's first quarter are nearly $80 billion.
Corporate bond issuance in Europe is on track to reach a record €39 billion in May, according to data compiled by Bloomberg.