Eurozone Government Bond Yields Fall as U.S. Treasury Yields Retreat
Dow Jones
Yesterday
0724 GMT - Eurozone government bond yields decline in early trade, moving in line with U.S. Treasury yields. New York Fed President John Williams suggested the central bank doesn't need to hurry to raise interest rates again in October, after a 25-basis-point hike in September. This cooled market expectations of an October rate hike to a 45% probability from 70% on Monday, according to LSEG. Wednesday's potential market movers include expected increases in French and German inflation data for September. "These inflation increases are not only driven by rising energy prices, but likely also by services prices, where we expect a rebound after last month's decline," Commerzbank's Hauke Siemssen says. The 10-year Bund yield falls 4 basis points to 3.572%, according to Tradeweb.
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