German bank: German government bond expected to continue good momentum.
Erik Liem from the research department of Deutsche Bank stated in a report that with the slowing issuance of Eurozone government bonds in the remaining time of the week, the strong momentum of German government bonds is expected to remain unchanged. "German government bonds are still in demand, with the 10-year yield testing last week's lows," the interest rate strategist said. He pointed out that this is notable because despite the rise in stock markets since the beginning of the year, the significant narrowing of most spreads, and recent increases in oil prices, risk sentiment remains supported. According to data from the London Stock Exchange Group, the 10-year German government bond yield closed at 2.81% on Wednesday.
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