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2026-03-10 17:19:57
[Hopes of Easing Middle East Tensions Boost German 10-Year Bond Yield to 2.84%] ⑴ On Tuesday, the yield on German 10-year bonds, a benchmark for borrowing costs in the Eurozone, fell to 2.84% from near 2.9% on Monday, boosted by market expectations that the war with Iran might end quickly. ⑵ US President Trump stated that the military action against Iran could end soon and is progressing well, faster than the initially expected four to five weeks. Oil prices also fell below $100 per barrel after Trump hinted at several measures to control energy costs. ⑶ Last week, European Central Bank Chief Economist Philip Lane warned that a prolonged conflict in the Middle East leading to a continued reduction in regional oil and gas supplies could trigger a "sharp surge" in Eurozone inflation and a "precipitous decline" in output. ⑷ Against this backdrop, the market currently expects the European Central Bank to raise interest rates by at least one 25 basis point this year.
