Europe's sovereign bonds are facing "a perfect storm" after new inflation fears sparked by the Iran conflict forced the region's central banks to signal a new course for interest rates on Thursday, sending yields soaring. The Bank of England left interest rates unchanged at 3.75% on Thursday, with the European Central Bank also holding steady on borrowing costs, as the economic impact of soaring energy costs hangs over rate-setters. Yields on 10-Year Gilts , the benchmark for U.K. government

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