Germany’s 10-year Bund yield edged above 2.7%, holding near its highest level since late September and heading for a fifth straight weekly increase, as investors shifted toward riskier assets following upbeat earnings from AI giant Nvidia, while awaiting the delayed US jobs report for further signals on the Federal Reserve’s policy outlook. The latest Fed meeting minutes also dampened expectations of a December rate cut, and in Europe, the ECB is widely expected to keep rates unchanged throughout next year. Separately, the European Commission revised Germany’s GDP outlook, now forecasting 0.2% growth in 2025 (up from -0.2% in spring) and a rebound to 1.2% in 2026–2027, reflecting higher public spending offset by trade tensions. The German Council of Economic Experts trimmed its 2026 forecast to 0.9% from 1.0%, below the government’s 1.3% projection, after near-stagnation in 2025.
