[European Bond Market is Collapsing] Reported by Jinse Finance, on September 1, inflation in the Eurozone accelerated to its highest level in nearly three years, further solidifying the European Central Bank's rationale for raising interest rates next week. As the bearish impact of rate hikes looms, long-term bond yields in multiple European countries have reached multi-year highs: The yield on France's 10-year bonds reached 4.23%, the highest since 2008; The yield on Germany's 10-year bonds reached 3.31%, the highest since 2011; The yield on Portugal's 10-year bonds reached 3.665%, the highest since 2023; The yield on Italy's 10-year bonds reached 4.15%, the highest since 2024; The yield on the UK's 10-year government bonds reached 5.223%, the highest level since June 2008. The yield on the UK's 30-year government bonds rose to 5.88%, continuing to set a new high since 1998.