German treasury bonds continued the bearish trend, driving German two-year treasury bond yields to the highest level since June 2024. At the same time, Brent crude oil maintained its upward trend and remained above $100 per barrel, and natural gas prices remained strong after the previous rise. German two-year treasury yields rose 3 basis points to 3.03%; according to the swap market, traders expect the ECB to raise interest rates by 25 basis points on Thursday, with a cumulative increase of 49 basis points by the end of the year, which is largely unchanged from Tuesday. However, traders have raised their bets on further interest rate hikes next year, and are currently expected to be tightened by a total of 84 basis points by the end of 2027, compared to 79 basis points previously. US two-year Treasury yields rose 2 basis points to 4.41%, while UK two-year Treasury yields rose 3 basis points to 4.62%.

German treasury bonds continued the bearish trend, driving German two-year treasury bond yields to the highest level since June 2024. At the same time, Brent crude oil maintained its upward trend and remained above $100 per barrel, and natural gas prices remained strong after the previous rise. German two-year treasury yields rose 3 basis points to 3.03%; according to the swap market, traders expect the ECB to raise interest rates by 25 basis points on Thursday, with a cumulative increase of 49 basis points by the end of the year, which is largely unchanged from Tuesday. However, traders have raised their bets on further interest rate hikes next year, and are currently expected to be tightened by a total of 84 basis points by the end of 2027, compared to 79 basis points previously. US two-year Treasury yields rose 2 basis points to 4.41%, while UK two-year Treasury yields rose 3 basis points to 4.62%.