欧元区EFSF债券 (EuroAreaEFSF) 加自选

德国10年期国债收益率收窄了早盘涨幅，但仍略高于2.5%，因为柏林的政治不确定性打压了投资者情绪。候任总理弗里德里希·默茨遭遇了意想不到的挫折，在联邦议院的初步投票中，他只获得了316票中的310票，未能获得多数票。尽管计划领导他的基民盟/基社盟集团和社会民主党之间的联盟，但梅尔茨面临着公众支持薄弱和经济停滞、乌克兰持续冲突和美国关税上升的挑战性背景。投资者也将注意力转向美联储和英格兰银行的关键政策决策。在4月份强劲的就业报告发布后，预计美联储将保持利率稳定，而英格兰银行可能会在对美国贸易政策影响的担忧加剧的情况下降息。与此同时，欧元区货币市场继续预计欧洲央行到年底将降息60个基点。

The yield on Germany’s 10-year Bund trimmed early gains but remained just above 2.5%, as political uncertainty in Berlin weighed on investor sentiment. Chancellor-in-waiting Friedrich Merz suffered an unexpected setback, falling short of a majority in an initial Bundestag vote by securing only 310 of the 316 votes required. Despite plans to lead a coalition between his CDU/CSU bloc and the Social Democrats, Merz faces weak public support and a challenging backdrop of economic stagnation, ongoing conflict in Ukraine, and rising U.S. tariffs. Investors are also turning their attention to key policy decisions from the U.S. Federal Reserve and the Bank of England. The Fed is expected to hold interest rates steady after a strong April jobs report, while the Bank of England may move to cut rates amid rising concerns over the impact of U.S. trade policies. Meanwhile, Eurozone money markets continue to price in 60 bps of rate cuts from the European Central Bank by the end of the year.