Germany 10-Year Bund Yield Falls to 2.924% as Weak Data Dims ECB Rate Outlook
Updated
Updated · TradingView · Jun 26
Germany 10-Year Bund Yield Falls to 2.924% as Weak Data Dims ECB Rate Outlook
3 articles · Updated · TradingView · Jun 26
Summary
Germany’s 10-year Bund yield dropped to 2.924%, nearing its lowest level since March 17 as investors pared expectations for further ECB tightening.
June surveys showed Germany’s private sector activity weakened and business activity in France contracted, deepening concerns about euro zone growth.
Christine Lagarde reinforced that shift by saying the ECB sees no need for a stronger response to the Iran conflict because there is no sign of an inflation surge.
The move contrasted with a more hawkish Federal Reserve stance, where markets still price additional rate increases, while the ECB’s earlier 25-basis-point hike had little market impact because it was widely expected.