德国10年期国债收益率跌至2.464%，为三周多来的最低水平，因为投资者在令人失望的经济数据公布后加大了对欧洲央行进一步降息的押注。德国失业率上升凸显了欧洲最大经济体的持续挣扎，而德国各州和法国的通胀数据表明价格持续降温。货币市场调整了前景，目前预计欧洲央行的存款利率将从之前的2.05%降至2025年12月的1.93%。就在这一转变发生的前一天，央行连续第四次降息，坚称尽管服务业持续面临压力，欧元区的通缩趋势仍在正轨上。与此同时，美联储周三维持利率不变，并暗示将暂停加息。

Germany’s 10-year Bund yield slid to 2.464%, the lowest in over three weeks, as investors increased bets on further ECB rate cuts following disappointing economic data. Rising unemployment in Germany underscored the ongoing struggles in Europe’s largest economy, while inflation figures from German states and France signaled continued price cooling. Money markets adjusted their outlook, now expecting the ECB’s deposit rate to drop to 1.93% by December 2025, down from 2.05% previously. This shift comes just a day after the central bank cut rates for the fourth consecutive time, maintaining that the Eurozone’s disinflation trend remains on track despite persistent pressures in the services sector. Meanwhile, the Federal Reserve kept rates on hold on Wednesday and hinted at a pause.