European bonds gain as ECB rate cut is highly expected

Source: Reuters
The majority of government bonds across the Eurozone increased on Wednesday pushing the benchmark 10-year yields towards record lows amid speculation that the European Central Bank may cut its interest rates next month on the policy meeting. The German 10-year bunds yields fell to the weakest level in one year of 1.38%, while the Italy's 10-year yields dropped to 2.90%.

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