Germany’s 10-year government bond yield fell to 2.75%, tracking US Treasuries lower after weak US jobs data strengthened expectations the Federal Reserve will resume rate cuts in September. The decline comes after a global bond sell-off had lifted the German 10-year yield to a five-month high and pushed 30-year borrowing costs to their highest since 2011, underscoring mounting fiscal concerns in Europe. Germany’s medium-term finance plan foresees around €500 billion in net new borrowing through 2029 to finance infrastructure and defense spending. At the same time, eurozone inflation accelerated to 2.1% in August, just above forecasts and the ECB’s 2% target, reinforcing expectations that the central bank will hold rates steady at next week’s meeting.