US, European, and UK bond yields take turns leading the rally

On January 9, Jinshi data reported that the yield of Eurozone government bonds rose, but the rise was slower than Wednesday, and a large supply will also appear. Spain will auction 5.75 billion to 7.25 billion euros of conventional bonds and inflation-linked bonds, while France will issue 11 billion to 13 billion euros of long-term bonds. In addition to these two auctions, Portugal will issue new 10-year bonds. So far, the issuance of Eurozone bonds has been strong, but bond yields are still rising. Christoph Rieger of the research department of Deutsche Bank said in a report: ‘For most of December, it was U.S. Treasury bonds (yields) leading the way, since the holidays it has been Eurozone government bonds, and since yesterday it has been UK government bonds.’