07:44 AM EDT, 05/22/2025 (MT Newswires) -- European bourses tracked lower midday Thursday as traders weighed rising bond yields, and government debt loads in the US and Europe.

UK government officials reported borrowing 20.2 billion pounds in April, which was more than expected, while the US House passed a budget bill could add $3.8 trillion to the $36.2 trillion federal government debt total in the next 10 years, according to the US Congressional Budget Office.

Tech stocks led broad market declines on the continent.

Investors also eyed Wall Street futures modestly signaling green, but lower closes overnight on Asian exchanges.

In economic news, Germany's business climate index rose to 87.5 in May from 86.9 in April, reported the Institute for Economic Research (Ifo).

The pan-continental Stoxx Europe 600 Index was down 0.9% mid-session.

The Stoxx Europe 600 Technology Index was off 1.2%, and the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was off 0.9%, and the Stoxx 600 Europe Food and Beverage Index declined 0.6%.

The REITE, a European REIT index, fell 0.9%, and the Stoxx Europe 600 Retail Index declined 0.8%.

On the national market indexes, Germany's DAX was down 0.9%, and the FTSE 100 in London was down 0.8%. The CAC 40 in Paris was off 1%, and Spain's IBEX 35 lost 1%.

Yields on benchmark 10-year German bonds tracked north, near 2.65%, and the highest since early 2023.

Front-month North Sea Brent crude-oil futures were down 1.9% to $63.65 per barrel.

The Euro Stoxx 50 volatility index was up 8.4% to 18.31, but still indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.