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2025-10-29 16:30:17
[The Calm Before the Storm! Eurozone Bond Market Stagnation Hints at Three Major Uncertainties] ⑴ Eurozone government bond yields remained stable on Wednesday, with the German 10-year bond yield holding steady at 2.62% and the Italian 10-year bond yield slightly declining by 1 basis point to 3.39%. ⑵ The German two-year bond yield, sensitive to the ECB's monetary policy, also saw little change, holding steady at 1.98%. ⑶ The market widely expects the Federal Reserve to announce an interest rate cut, while the ECB and the Bank of Japan are expected to keep their rates unchanged on Thursday. ⑷ Investors are closely watching the progress of the meeting between the leaders of China and the United States on Thursday, which will be a key factor influencing global risk appetite. ⑸ Traders are also watching the US President's trip to Asia, looking for concrete signals of improved bilateral relations. ⑹ Jefferies strategists point out that the market is in a wait-and-see mode, with this week's focus concentrated on major events such as central bank meetings, summits, and a series of earnings releases. ⑺ The US President's statement in a speech in South Korea that he expects the two sides to reach a "big deal" that benefits both sides further reinforced the market's wait-and-see sentiment.
