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2025-10-31 00:47:24
[Deutsche Bank: Economic Resilience Restrains ECB's Dovish Actions] Eurozone government bond yields were relatively stable, continuing to rise after the European Central Bank (ECB) kept policy rates unchanged as expected. The latest yield on 10-year German government bonds was 2.657%, up 3.8 basis points from the previous day. This followed the Federal Reserve lowering market expectations for another rate cut in December, leading to a rise in US Treasury yields and consequently, higher Eurozone bond yields. Meanwhile, the ECB noted the resilience of the European economy. Deutsche Bank's chief European economist, Mark Wahl, stated, "Despite facing US tariffs and various uncertainties, the European economy is still growing steadily. This economic 'resilience' has restrained the ECB's dovish actions and allowed the policy pause to continue."
