Euro zone benchmark Bund yields climbed to their highest in 15 years, above 3%, as moneymarkets fully priced in three European Central Bank rate hikes, despite Donald Trump extending a deadline for Iran ⁠to reopen the Strait of Hormuz. Markets have increased bets on ECB rate hikes since the outbreak of the war in Iran in early March, expecting central banks to respond swiftly to oil-driven inflation pressures. [...]