On July 9th, Jinshi data reported that Althea Spinozzi, the head of fixed income strategy at Shengbao Bank, said in a report that as investors' confidence in the new French government grows, they may shift from safe-haven assets such as German government bonds to higher-yielding securities such as French government bonds. She said that this shift could lead to a further rise in German government bond yields, which have already risen from 2% to 2.5% since the beginning of this year. She said that the market's confidence in the prospect of interest rate cuts has declined, to some extent pushing up German government bond yields.