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2026-11-02 18:12:26
[Falling Oil Prices Boost German Bond Yields Amid Fiscal Concerns] ⑴ The yield on German 10-year government bonds fell to 3.3%, its lowest level since the end of August, as a renewed drop in oil prices provided support to the bond market. ⑵ However, concerns about the European fiscal outlook remain, reinforced by Fitch's unplanned negative outlook on France's rating last week. ⑶ Brent crude fell below $110 a barrel on reports that US President Trump was willing to give more time to diplomatic efforts with Iran after Tuesday's midterm elections, which could reshape the power structure in Congress. ⑷ Elsewhere, the European Central Bank kept interest rates unchanged on Thursday, offering limited guidance on future policy direction. President Lagarde confirmed that rate hikes had been discussed, but policymakers unanimously decided to keep borrowing costs unchanged, noting that tighter financial conditions were one of the factors helping to curb inflationary pressures.
