German, Italian bond sell off after ECB signals July rate hike

European bond yields continued to sell off on Thursday after the European Central Bank signaled the first interest-rate hike in the current cycle was likely next month. The ECB left key rates unchanged as it announced the end of asset purchases on July 1, and plans to raise its key interest rates next month by a quarter of a percentage point, as it vowed to lower searing inflation. The bank said it also expected to hike in September . The yield on the 10-year German bund jumped 9 basis...