Eurozone government bond yields remained near multi-year highs on Wednesday as investors awaited the Federal Reserve's monetary policy announcement, with markets pricing in a 25-basis-point US interest rate increase. Germany's two-year Schatz yield stood at 3.25%, close to its highest level in three years. The benchmark 10-year Bund yield was around 3.544%, its highest level since 2011. Longer-dated German bonds recovered some ground following several sessions of selling. The 30-year yield eased to approximately 3.897%, retreating from a 15-year high. France's 30-year government bond yield also declined from its highest level since 2002.
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