Germany’s 10-year Bund yield slipped to 2.57%, hovering near Friday’s four-month low of 2.523%, as investors turned their attention to a series of ECB speeches this week - including remarks from President Christine Lagarde - for guidance on the policy outlook. The ECB enters its pre-meeting blackout period on Thursday, ahead of next week’s rate-setting decision. Broader sentiment improved as markets welcomed signs of easing US–China trade tensions and the potential resolution of the US government shutdown, which is expected to conclude this week. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to meet in Malaysia to avert a possible escalation in US tariffs on Chinese goods, a policy President Donald Trump recently called “unsustainable”. In money markets, traders increased bets on rate cuts from both the ECB and the Fed, now fully pricing in a 25-basis-point ECB cut by July 2026 and at least two 25-basis-point Fed cuts by the end of the year.