Eurozone Bond Yields Rise Amid Anticipation of ECB Meeting

Eurozone government bond yields experienced a slight increase, mirroring the movement of U.S. Treasury yields, as the market commenced a subdued day. According to Jin10, despite widespread expectations that the European Central Bank (ECB) will maintain its key policy interest rate unchanged, Thursday's meeting remains a focal point for the Eurozone bond market, with potential discussions on the strength of the euro. Senior rate strategists Benjamin Schroeder and Michiel Tukker from ING Bank noted in a report, "We believe that if this calm persists, the ECB may approach this Thursday's policy meeting with greater ease." Germany plans to issue green federal bonds through auction, while Italy will issue new 15-year government bonds underwritten by a consortium. Data from the London Stock Exchange Group indicates that the benchmark 10-year German bond yield rose by 1 basis point to 2.876%.