Group 1 - European government bonds opened mostly flat, with the 2-year German government bond yield unchanged at 1.87% [1] - The 10-year and 30-year government bond yields fell by 1 basis point to 2.56% and 3% respectively [1] - Traders are awaiting the German 2030 bond auction and comments from European Central Bank officials Villeroy and Rehn [1] Group 2 - Traders have increased bets on a rate cut by the Bank of England, now expecting a 45 basis point cut by the end of the year, up from 41 basis points on Monday [1] - Data shows that the number of employed individuals in the UK has seen its largest decline since 2020, with wage growth slowing [1]