Germany’s 10-year Bund yield held steady at 2.67%, its lowest level since November 12, as investors awaited Friday’s flash inflation readings from Europe’s largest economies for clearer direction on the European Central Bank’s policy outlook. Recent German data painted a mixed picture: business sentiment for November disappointed, consumer confidence heading into December improved modestly, and third-quarter GDP was confirmed to have stagnated. The flat economic performance, driven by weaker exports and subdued private consumption, added to concerns about Germany’s growth prospects but did little to shift expectations for ECB policy. Markets still broadly anticipate that interest rates will remain unchanged through 2026. In the US, the probability of a December Federal Reserve rate cut climbed above 80% as softer-than-expected economic data and dovish remarks from several Fed officials reinforced expectations of another policy easing next month.