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2026-05-29 17:27:03
[Eurozone bond yields fell on Friday as markets weighed the prospects of a US-Iran deal against inflation data; German 10-year bond yield held steady at 2.9587%] ⑴ Eurozone bond yields declined on Friday, with the German 10-year bond yield remaining unchanged at 2.9587%, while the yield on the German 2-year bond, which is more sensitive to ECB interest rate expectations, fell 1 basis point to 2.5439%. ⑵ Sources revealed that the US and Iran have reached a draft agreement on extending the ceasefire and restoring freedom of navigation in the Strait of Hormuz, but Trump has not yet approved it, and Iranian state media also stated that the agreement has not yet been finalized. Oil prices remained stable at $93.79 per barrel. ⑶ Jefferies' chief European economist stated that if an agreement is reached, risk assets should rise again while interest rates fall, and the interest rate market's reaction may be stronger than that of the stock market. Societe Generale's head of research pointed out that the 2.90% support level for the German 10-year bond yield currently appears unlikely to hold.
