Eurozone bond yields rise as markets await ECB rate cut

On September 12, Milad Azar, a market analyst at XTB MENA, said that eurozone government bond yields rose before the expected rate cut by the European Central Bank, but if there are signs of further rate cuts, yields may eventually fall. He said in a report: "After the ECB announces its interest rate decision, they (yields) may resume their downward trend, especially if the ECB hints at further rate cuts." The market has fully digested the expectation that the ECB will cut its deposit rate by 25 basis points tonight. According to Tradeweb data, the 10-year German government bond yield rose 2.5 basis points to 2.123% during the day. (Jinshi)