Mauro Valle, head of fixed income at Generali Investments, said that for 10-year German treasury yields, it remains to be seen whether 3% remains at a cautious level in the face of further sell-off or whether it can be bought. “Currently, it is difficult to determine whether the German treasury yield of close to 3% is still a defensive level or an opportunity to buy,” Valle said. Investors sold off German treasury bonds in a big way, pushing the 10-year German treasury bond yield to the highest level since October 2023. The 10-year German Treasury yield fell 8 basis points to 2.817% on Friday, according to Tradeweb data.

Mauro Valle, head of fixed income at Generali Investments, said that for 10-year German treasury yields, it remains to be seen whether 3% remains at a cautious level in the face of further sell-off or whether it can be bought. “Currently, it is difficult to determine whether the German treasury yield of close to 3% is still a defensive level or an opportunity to buy,” Valle said. Investors sold off German treasury bonds in a big way, pushing the 10-year German treasury bond yield to the highest level since October 2023. The 10-year German Treasury yield fell 8 basis points to 2.817% on Friday, according to Tradeweb data.