Italy and Germany will hold an auction in the eurozone.

After an official announced that the United States had issued a 15-point plan to end the war with Iran, oil prices fell and global markets experienced some relief. At the same time, Italy and Germany will hold government bond auctions on Wednesday. Hauke Siemssen of Deutsche Bank stated in a report: "The latest ceasefire news has calmed the markets, but actual yield remains the dominant factor." Italy will sell 3.25 to 4 billion euros of Italian government bonds due in February 2028, as well as inflation-linked bonds due in August 2031 and May 2036. Meanwhile, Germany will auction a total of 2 billion euros of German government bonds due in May 2041 and August 2052. The rate strategist noted that the European Central Bank observers' meeting "will provide a realistic test for interest rate paths."