Germany’s 10-year Bund yield slipped to 3.46%, near its lowest level in over a week, as easing oil prices and reduced concerns over Middle Eastern supply disruptions prompted investors to scale back expectations for further ECB tightening. Safe-haven demand also supported German government bonds. European bond yields nevertheless remain elevated amid signs of economic resilience, persistent energy-driven inflationary pressures, and concerns over France’s public finances. The country’s minority government seeks to reduce its deficit to 5% of GDP in 2027, despite uncertainty over parliamentary support for spending cuts ahead of next year’s presidential election. German politics also drew attention after Bärbel Bas announced her resignation as Labour Minister and SPD leader. Investors are now awaiting Wednesday’s US CPI report and remarks from ECB policymakers at this week’s IMF-World Bank annual meetings for clues on the monetary policy outlook.