Eurozone Bund Yields Near Highs Amid Economic Concerns

Eurozone benchmark Bund yields hovered near a four-week high on Thursday, aligning with moves in U.S. Treasuries as investors anticipated the Bank of England’s policy decision. German 10-year yields hit 2.676% before settling at 2.66%, their highest since October 10. Germany’s economy remains a concern after disappointing industrial production data, with the Bundesbank cautioning about rising financial stability risks. Economists predict increased fiscal stimulus and modest pro-growth policies will help improve economic performance slightly in the coming quarters. The European Central Bank is advised to keep its interest rate options open, facing a 45% likelihood of a 25-basis-point rate cut…