SEB Research: Eurozone Long-Term Government Bond Yields Unlikely to Fall Further

According to Jinshi, Jussi Hiljanin, chief strategist for euro and dollar rates at SEB Research, stated that long-term government bond yields in the eurozone are unlikely to continue declining unless there is a recession or significant interest rate cuts from the European Central Bank (ECB).Hiljanin added that neither a recession nor a major adjustment in market expectations seems probable at present. As a result, SEB Research anticipates that the 10-year German government bond yield will fluctuate between 2.10% and 2.30% this fall, with any dip below this range likely being temporary.