Eurozone Bond Yields Languish Near Multi-Week Lows Amid Tech Rout

Eurozone government bond yields traded near multi-week lows on Friday as safe-haven demand persisted. Germany's benchmark 10-year yield held near 3.404% after dropping to 3.397% on Thursday, near its lowest level since July. The two-year yield stood at 3.059% following a drop to 3.054%, marking three consecutive daily declines. The rally follows an unwinding of mega-cap technology and artificial intelligence equities over debt and capital expenditure concerns, occurring despite natural gas surging 20% and Brent crude rising 7% this month. Meanwhile, U.S. 10-year Treasury yields retreated from highs above 5.30%.