Analysis: Deutsche Bank Securities is buying 10-year German government bonds at a yield of 3.02%, with expectations that the yield will decrease.

Europe and UK Senior Interest Rate Strategist Pooja Kumra stated in a report that Deutsche Bank bought 10-year German government bonds at a yield of 3.02%, predicting that the yield would fall within a month. She said that Deutsche Bank's target is for the yield to drop to 2.75%, with a stop-loss set at 3.15%. She said, "We still believe that 3% is the upper limit for the 10-year German government bond yield." Kumra said that the market's previous expectation of a turnaround in the German economy by 2025, which had been factored into the premium for German government bonds, is starting to diminish. She stated that at the same time, the European Central Bank's interest rate hikes have already been "largely priced in." According to Tradeweb data, the yield on 10-year German government bonds rose 2.7 basis points to 3.023%.