Erik Liem of Commerzbank Research said in a report that at a time when the data schedule is getting bleak, the issuance is expected to be the main driver of the Eurozone government bond market on Thursday. Italy and Portugal will conduct syndicated bond transactions, in addition, Spain and France will also hold large-scale bond tenders. German federal states are also expected to issue bonds. “The combination of all these factors suggests that a very cautious approach should be taken this morning, and that the afternoon, after supply is digested, may usher in a more favorable trading period for a longer period of time,” the interest rate strategist said. Eurozone bond yields fell on Wednesday. According to Tradeweb data, 10-year German bond yields closed down 3.6 basis points to 2.809%.

Erik Liem of Commerzbank Research said in a report that at a time when the data schedule is getting bleak, the issuance is expected to be the main driver of the Eurozone government bond market on Thursday. Italy and Portugal will conduct syndicated bond transactions, in addition, Spain and France will also hold large-scale bond tenders. German federal states are also expected to issue bonds. “The combination of all these factors suggests that a very cautious approach should be taken this morning, and that the afternoon, after supply is digested, may usher in a more favorable trading period for a longer period of time,” the interest rate strategist said. Eurozone bond yields fell on Wednesday. According to Tradeweb data, 10-year German bond yields closed down 3.6 basis points to 2.809%.