Citigroup: Issuance trends are seen as key drivers of Eurozone bond duration and curve.

Jamie Searle of Citigroup stated in a report that the trend of German government bonds is more closely following US government bonds rather than domestic data. However, the issuance trend of Eurozone government bonds may affect duration and curve. The interest rate strategist mentioned that supply progress and sustained demand provide support for short-term rallies, with Citigroup estimating that Eurozone sovereign countries have completed 17% of their annual government bond issuance. The strategist noted that with a decrease in the issuance of 30-year bonds, this supply progress may lead to a flattening of the yield curve for 10 to 30-year Eurozone government bonds starting from March. He said, "In the longer term, the issue is more about the impact of fiscal policy on the economy rather than issuance itself, but this limits the upside."