Euro zone bond yields opened steady on Monday ahead of a week of major events, including a US-Russia summit on Ukraine peace and a deadline on a US-China trade truce, as market liquidity thins.
US President Donald Trump and Russian President Vladimir Putin will meet on Friday in Alaska to try to broker peace in Ukraine. It will be the first in-person meeting between a US and Russian leader since former President Joe Biden met Putin in 2021.
Meanwhile, a 90-day truce in the US-China trade war expires on Tuesday, with traders widely expecting the pause to be extended for another 90 days.
German 10-year yields [DE10YT=RR] were little changed from Friday’s close at 2.684%, after ending last week up 1 basis point. Yields on Bunds, the benchmark for the wider euro zone, have shown minimal mov