US Treasury yields edged lower, Deutsche Bank: German bond yields expected to consolidate.

In early European trading, US Treasury yields fell slightly, continuing the trend from last week. Rainer Guntermann from the research department of Deutsche Bank said in a research report, "At the beginning of this week, recent market dynamics are likely to continue, with US Treasury bonds gaining support, German bonds consolidating, and spreads narrowing until Wednesday when a series of important global data will be released to validate market expectations." According to Tradeweb data, the latest 2-year US Treasury bond yield is 3.754%, down 1 basis point; the 10-year yield is down 2 basis points at 4.247%; and the 30-year yield is down 2.5 basis points at 4.711%. The 10-year German bond yield opened unchanged at 2.470%.