"Deutsche Bank settled profit from long German government bond trade after 10 years."

Senior interest rate strategist at Credit Suisse Pooja Kumra says that Credit Suisse is closing out its long positions on 10-year German government bonds for profits. She stated that Credit Suisse established a long position in December with a yield of 2.86%, when the market was pricing in expectations of an interest rate increase by the European Central Bank by the end of 2026. Credit Suisse's target yield was 2.60% and they exited the trade when the yield was at 2.68%. Recently, global interest rates have dropped significantly, led by US Treasury yields, but the strategist believes that fundamentals do not support further declines in yields. They said, "However, we believe that fundamentals do not support a dovish interest rate bias." Economic data and outperforming indicators continue to show resilience, while bond issuances are putting pressure on term premiums.