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Eurozone government bonds are also rallying this morning, pushing down borrowing costs to the lowest level in months.
This is pushing down the yield, or interest rate, on eurozone bonds.
Germany’s 10-year yield, the benchmark for the euro zone, was down 4 basis points (bps) at 1.931%. The yield, which moves inversely to the price, fell to its lowest since March earlier in the session at 1.931%.
Italy’s 10-year bond yield was last 4 bps lower at 3.507%, after falling to 3.49%, the lowest since August 2022.
