欧洲债市:欧洲政府债券小幅上涨 欧元区通胀放缓
Xin Lang Cai Jing·2026-02-04 16:59

Core Viewpoint - European government bonds experienced a slight increase as the decline in Eurozone inflation led the market to anticipate a potentially dovish tone from the European Central Bank (ECB) during its policy announcement [1][4]. Market Summary - The 2-year German government bond yield fell by 3 basis points to 2.10%, down from a peak of 2.15% last week, which was the highest since late December [2][5]. - Analysts expect the ECB to maintain the borrowing cost at 2% for the fifth consecutive meeting, closely monitoring whether the strengthening Euro and slowing inflation will spark discussions about rate cuts this year [2][5]. - The UK long-term bond yields rose, with the 30-year yield increasing by 3 basis points to 5.32%, the highest since November, while short-term yields remained stable [2][5]. - The 10-year German government bond yield decreased by 3 basis points to 2.86%, and German government bond futures rose by 25 points to 127.94 [3][7]. - The 10-year Italian government bond yield fell by 2 basis points to 3.48%, with the spread between Italian and German bonds remaining stable at 61 basis points [3][7]. - The 10-year French government bond yield also decreased by 2 basis points to 3.48%, while the 10-year UK government bond yield increased by 2 basis points to 4.54% [3][7].