LONDON Oct 11 A key market measure of long-term
inflation expectations in the euro zone rose on Tuesday to its
highest level since mid-June, following a surge in oil prices to
The move came as global benchmark bond yields hit
multi-month highs after Brent crude peaked on Monday when Russia
said it was ready to join a group of oil producers planning to
curb oil output.
The five-year, five-year breakeven forward, a market measure
of the euro zone's long-term inflation expectations tracked by
the European Central Bank, rose to 1.385 percent,
its highest level since Britain voted to leave the European
Union nearly four months ago.
(Reporting by Abhinav Ramnarayan, Editing by John Geddie)