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German and French yields fall ahead of ECB decision
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- European government bond yields fell as markets awaited the European Central Bank’s rate decision.
- The 10-year German Bund yield dropped 3.3 basis points to 3.351%.
- The 10-year French OAT yield fell 5 basis points to 4.890%.
- Citi strategists said the ECB must balance inflation risk and OAT volatility.
- Societe Generale’s Juan Valencia projected strong euro-investment-grade credit issuance in 2026 and growth in 2027.
