ECB raised its policy rate to 2.5% on accelerating inflation risks, lifting the ECB rate itself.
Impact on assets 4
10-year US Treasury yield rose to 4.922% as inflation worries push central banks toward higher rates.
Brent crude surged past $105.57 on inflation/rate concerns and supply-side pressure.
ECB rate hike to 2.5% strengthens the euro versus the dollar.