Germany’s 10-year Bund yield held steady just above 2.8% as markets braced for heavy debt supply, the release of key economic data, and renewed concerns over the Federal Reserve’s independence. This week, auctions are scheduled from Germany, the Netherlands, Austria, Italy, and Spain, alongside potential syndicated deals. Investors are also watching the flash 2025 German GDP figures and US CPI data for further insight into monetary policy. In the US, Fed Chair Jerome Powell said the Justice Department had served the central bank with grand jury subpoenas, threatening a criminal indictment, an escalation of the Trump administration’s attacks on the Fed.
