Eurozone French and Italian sovereign bonds rose by about 2 basis points, and Merz was elected as German Chancellor in the second round of parliamentary voting.

On Tuesday, at the end of the European market, the yield on French 10-year government bonds rose by 2.0 basis points to 3.256%, remaining in an upward trend throughout the day. Merz was elected as the German Chancellor in the second round of voting, and at 10:16 pm Beijing time, the yield on French bonds reached a daily high of 3.279%. The yield on Italian 10-year government bonds rose by 1.9 basis points to 3.621%, also reaching a daily high of 3.652% at 10:16 pm. The yield on Spanish 10-year government bonds rose by 1.9 basis points to 3.188%. The yield on Greek 10-year government bonds rose by 2.5 basis points to 3.374%.