Interest rate strategist Hauke Siemssen of Commerzbank Research said in a research report that there is room for recovery in German treasury bond prices, and the ECB is likely to cut interest rates on Thursday. Under such circumstances, the 10-year German treasury yield will soon drop to 2.2%. He said that the ECB is likely to cut interest rates, which shows that the overall market sentiment is optimistic. At the same time, recent bond redemptions and coupon payments to investors have brought back capital. He said, “Starting today, the return of funds related to German treasury bonds will provide additional support to the bond market. In the next three weeks, Eurozone treasury bonds will return nearly 80 billion euros.” He said that Germany is scheduled to issue a batch of 30-year treasury bonds on Wednesday. This may initially put pressure on long-term treasury bond yields, but this should only be temporary. The 10-year German Treasury yield closed at 2.226% on Tuesday, according to Tradeweb data.

Interest rate strategist Hauke Siemssen of Commerzbank Research said in a research report that there is room for recovery in German treasury bond prices, and the ECB is likely to cut interest rates on Thursday. Under such circumstances, the 10-year German treasury yield will soon drop to 2.2%. He said that the ECB is likely to cut interest rates, which shows that the overall market sentiment is optimistic. At the same time, recent bond redemptions and coupon payments to investors have brought back capital. He said, “Starting today, the return of funds related to German treasury bonds will provide additional support to the bond market. In the next three weeks, Eurozone treasury bonds will return nearly 80 billion euros.” He said that Germany is scheduled to issue a batch of 30-year treasury bonds on Wednesday. This may initially put pressure on long-term treasury bond yields, but this should only be temporary. The 10-year German Treasury yield closed at 2.226% on Tuesday, according to Tradeweb data.