Report: US 10-year Treasury yield increase expected to exceed that of eurozone bonds.

The strategist of a French foreign trade bank stated in a report that due to the stronger US economy, the increase in US 10-year Treasury yields may exceed those of similar bonds in the eurozone. They said: "Given the relative resilience of the US economy, a structurally more lenient financial environment, and a higher tolerance for high long-term yields, the pressure for rising US Treasury yields in the medium term should be greater than in the eurozone." In contrast, the eurozone's economic growth is much more vulnerable to high energy prices. The French foreign trade bank stated that this should limit the European Central Bank's ability to significantly raise interest rates as currently expected by the market. According to Tradeweb data, the yield on 10-year German government bonds fell by more than 9 basis points to a six-week low of 2.941%.