German Bank: Eurozone bond yields decline, waiting for new driving factors

The yield of Eurozone government bonds edged lower in early trading, waiting for new driving factors. The US market was closed on Monday, and there was no government bond supply in the Eurozone, with light data releases. Rainer Guntermann of Deutsche Bank stated in a report, "With risk appetite stabilizing and the US holiday, German bonds may have a brief pause, but the favorable duration backdrop may continue until the reality test brought by data on Friday." On Friday, preliminary purchasing managers' indices for February in France, Germany, and the Eurozone will be released. According to data from the London Stock Exchange Group, the yield on 10-year German government bonds fell slightly by 0.7 basis points to 2.750%, while the yield on 10-year French government bonds fell by 1.3 basis points to 3.331%.