Risk aversion drives capital inflows into the bond market; benchmark yields across the eurozone slightly decline

Golden Ten Data reported on March 4 that eurozone government bond yields declined in early trading as investors shifted their focus from the potential long-term inflation impact of the Middle East conflict to seeking safe-haven assets. Government bond supply will be very limited on Wednesday, with only Germany planning to issue 1 billions euros of green federal bonds maturing in February 2033. According to Tradeweb data, ten-year eurozone government bond yields fell by about 1 basis point across the board; among them, Germany's 10-year government bond yield dropped by 1.1 basis points to 2.764%. The trend in eurozone government bond yields contrasts sharply with the continued rise in U.S. Treasury yields, with the latest 10-year yield up 2.7 basis points at 4.084%.