As the market expects the Strait of Hormuz to resume navigation soon and oil prices continue to fall, German treasury bonds and British treasury bonds continue to steeper bull market. German 10-year Treasury yields fell 5 basis points to 3.10%; UK 10-year Treasury yields fell 4 basis points to 4.91%. Brent crude fell below $80 per barrel for the first time since July 13. According to the interest rate swap market, traders expect the ECB to raise interest rates by a total of 37 basis points before the end of the year, and the Bank of England is expected to raise interest rates by 26 basis points this year.

As the market expects the Strait of Hormuz to resume navigation soon and oil prices continue to fall, German treasury bonds and British treasury bonds continue to steeper bull market. German 10-year Treasury yields fell 5 basis points to 3.10%; UK 10-year Treasury yields fell 4 basis points to 4.91%. Brent crude fell below $80 per barrel for the first time since July 13. According to the interest rate swap market, traders expect the ECB to raise interest rates by a total of 37 basis points before the end of the year, and the Bank of England is expected to raise interest rates by 26 basis points this year.