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24.10.202508:02:57UTC+00Bund Yields Rise on Strong PMI

Germany's 10-year Bund yield increased to 2.60% as investors processed unexpectedly positive PMI data and anticipated delayed US inflation statistics for September. The October PMI indicated that Germany's private sector output grew at its quickest pace since May 2023, driven by strong service sector activity. Meanwhile, business activity across the Eurozone experienced its most substantial expansion since May 2024, exceeding market expectations. In the United States, inflation is projected to rise for the second consecutive month, preceding the Federal Reserve's upcoming meeting, where a 25 basis point rate cut is almost fully expected by the market. Investors also reacted positively to the announcement that US President Donald Trump will meet Chinese President Xi Jinping next week, amidst ongoing trade tensions and an impending deadline for imposing additional 100% tariffs on Chinese imports.

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