Deutsche Bank: This week's economic data will have a decisive impact on the short-term bond demand in the eurozone.

According to Deutsche Bank's research department, eurozone economic data seems to determine whether the buying momentum of short-term government bonds can continue this week. However, strategist Hauke Siemssen said that due to the light data on Monday and Tuesday, the bond market started slowly. He said, "The decision of the European Central Bank to cut interest rates by 25 basis points last week is still affecting the market." He said that the expectation of interest rate cuts has increased against the background of ECB President Lagarde's guidance to further relax monetary policy. The PMI data to be released on Thursday is particularly worth following this week. The yield on 10-year eurozone government bonds has risen slightly. According to Tradeweb data, the yield on 10-year German government bonds rose by less than 1 basis point to 2.190%.