Germany’s 10-year Bund yield slipped slightly to 2.88% as investors prepared for a wave of economic data from both Europe and the US. Over the weekend, the US military action in Venezuela and the capture of President Nicolas Maduro heightened geopolitical risks, supporting a modest uptick in demand for safe-haven assets. In Europe, focus is on preliminary December Eurozone inflation figures, while in the US, the jobs report will be closely analyzed for signals on the Federal Reserve’s policy trajectory. Despite the slight dip, the Bund yield remains near its March peak, reflecting concerns over heavy debt issuance this year, the impact of German fiscal stimulus, and persistent geopolitical uncertainties. Private investors are expected to absorb a record €234 billion in net debt supply in 2026, after accounting for ECB operations. Germany also plans to issue a new 20-year bond, with demand expected to be supported by structural shifts in the Dutch pension system.