Live Updates > Live Update Details
2025-10-30 17:46:05
[Multiple Factors Push Eurozone Bond Markets to Two-Week Highs] ⑴ Eurozone bond yields climbed to a two-week high on Thursday as Federal Reserve Chairman Powell's weakening of expectations for a December rate cut triggered a market reassessment. ⑵ Germany's third-quarter GDP growth of zero quarter-on-quarter exacerbated market concerns, with the largest economy in Europe experiencing a weak recovery amid declining exports. ⑶ New developments emerged in Trump's tariff rhetoric, with the US and China reaching a package agreement including tariff reductions. ⑷ The Federal Reserve cut interest rates by 25 basis points to the 3.75%-4.00% range as expected, but policy disagreements surprised the market. ⑸ The Kansas City Fed president opposed a rate cut, while Fed governors advocated for a 50 basis point cut, highlighting significant internal divisions. ⑹ The European Central Bank is expected to keep interest rates unchanged for the third consecutive time, contrasting with the Fed's policy path. ⑺ The yield on German 10-year government bonds rose 2.7 basis points to 2.64%, the highest level since October 13. (8) The yield on Italian 10-year government bonds climbed 3.6 basis points to 3.42%, with risk spreads continuing to widen. (9) The yield on interest rate-sensitive German 2-year government bonds rose 2.1 basis points to 2.0%, hitting a three-week high.
