According to BlockBeats, on September 12, XTB MENA market analyst Milad Azar noted that Eurozone government bond yields have increased ahead of the anticipated rate cut by the European Central Bank (ECB). Azar stated in a report that yields might eventually decline if there are further indications of rate cuts. He mentioned, 'After the ECB announces its rate decision, yields may resume their downward trend, especially if the ECB hints at additional rate cuts.' The market has fully priced in the expectation that the ECB will lower the deposit rate by 25 basis points tonight. According to Tradeweb data, the yield on 10-year German government bonds rose by 2.5 basis points during the day, reaching 2.123%.
