Eurozone yields have risen for the third consecutive trading day.

Jin10 data reported on July 25, the yield on Eurozone government bonds rose for the third consecutive trading day on Friday, as investors’ confidence in further cuts by the European Central Bank weakened, while the likelihood of the United States reaching a trade agreement increased, leading to funds flowing out of safe-haven assets. The money market shows that traders are still uncertain whether the European Central Bank will cut rates again this year, with a probability of about 30% for a rate cut below 2% by the end of December. Affected by this, the yield on Germany’s two-year Schatz bonds rose nearly 12 basis points on Thursday, marking the largest single-day rise since mid-May, and further increased by 2.3 basis points today to 1.934%; the yield on the 10-year benchmark government bonds rose by 3.3 basis points to 2.726%, while the Italian 10-year yield rose by nearly 5 basis points to 3.613%, with the spread between the two reaching 88.4 basis points, the highest level in a week.