Eurozone government bond yields rise, market sentiment cautious, focusing on data recovery.
As the market accepts the reopening of the US government, the yield on 10-year bonds in the Eurozone has risen, with Germany's 10-year bond yield hitting its highest level in five weeks. Although the release of economic data is expected to be rocky, the trend of Eurozone bonds still follows that of their US counterparts. Germany's 10-year bond yield surpassed 2.70% for the first time since October 9th. However, Hauke Siemssen from the research department of Deutsche Bank stated that as the market begins to "second-guess" the sharp changes on Thursday, and risk sentiment remains low, German bonds may recover some losses. The interest rate strategist said, "Therefore, we recommend taking a constructive tactical duration stance and suggest buying at a drop towards 2.7%."
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