SEB Chief Strategist Jussi Hiljanen said the rally in German government bonds may be nearing an end after the 10-year Bund yield fell to a multi-month low of 2.85%.
According to Jin10, Hiljanen said a sustained move below 2.80% would require a clearly more dovish European Central Bank policy outlook, which he said still appeared premature.
SEB forecast that the 10-year German Bund yield will rebound to a range of 2.90% to 3.00% ahead of the ECB’s July 23 meeting.
Hiljanen added that the longer-term outlook will largely depend on whether markets begin pricing in expectations of further policy rate cuts in 2027.
Germany’s 10-Year Bund Yield May Have Limited Room to Fall Further, Analyst Says
2026-06-26 13:34:29
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