Eurozone bond yields fall, tracking US Treasury trends
Eurozone government bond yields fell in early trading, following the trend of U.S. Treasuries. Leon Ferdinand Bost and Uwe Hohmann of Metzler stated in a report: "German government bonds remain supported, with 10-year yields currently clearly departing from the recent trading range."
The analysts noted that the slowdown in inflation and the trend of the market digesting rate cut expectations "should continue to provide support in the initial phase." Factors that may impact the market on Tuesday include German and Finnish bond auctions as well as the German ZEW Economic Sentiment Index.
According to data from the London Stock Exchange Group, the 10-year German government bond yield fell by 1.9 basis points to 2.735%, close to the 11-week low of 2.729% reached on Monday.
Editor: Liu Mingliang
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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