German bank: Eurozone bond yields rise, this trend may continue until the weekend.

Hauke Siemssen of Deutsche Bank stated in a report that Eurozone bond yields rose in early trading and this trend may continue throughout the day. The interest rate strategist said, "With no visible barriers and the United States on holiday, the bearish trend may continue until the weekend." He added, "Long-term Eurozone bonds are still facing pressure, causing the yield curve to steepen from both ends." The interest rate strategist also highlighted a bearish trend in long-term Japanese government bonds this week. Data from Tradeweb shows that the yield on Eurozone 10-year government bonds rose by 1.6 to 2.6 basis points, while the yield on German 10-year government bonds rose by 2.1 basis points to 2.919%.