SEB chief strategist Jussi Hiljanen said in a note the rally in German government bonds may be near its end after the 10-year bund yield fell to about a multi-month low of 2.85%. He said a sustained move below 2.80% would require a clear dovish shift in the ECB policy outlook, which he judges premature. SEB expects the 10-year bund yield to recover to 2.90–3.00% ahead of the ECB meeting on July 23. Hiljanen added the longer-term trajectory will largely depend on whether markets begin to price fu

2026-06-26

SEB chief strategist Jussi Hiljanen said in a note the rally in German government bonds may be near its end after the 10-year bund yield fell to about a multi-month low of 2.85%. He said a sustained move below 2.80% would require a clear dovish shift in the ECB policy outlook, which he judges premature. SEB expects the 10-year bund yield to recover to 2.90–3.00% ahead of the ECB meeting on July 23. Hiljanen added the longer-term trajectory will largely depend on whether markets begin to price further policy-rate cuts in 2027.

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On June 25, 2026 China foreign minister Wang Yi held talks in Beijing with Austria’s foreign minister. China congratulated Austria on its election as a non‑permanent UN Security Council member and offered closer communication and cooperation, backing multilateralism, free trade and reform of global governance. Wang described China‑EU ties as partnership rather than rivalry and said China’s development is an opportunity for Europe; he welcomed Austria’s pragmatic China policy and urged continued