End-of-year trading slows down, December sell-off leads to a decline in European bond prices

In Friday's trading, the European bond market declined as traders anticipated that the actions of major central banks to cut interest rates may not be as aggressive as expected. The yield on the 10-year German government bond rose to 2.40%, reaching its highest point since the end of November. Reduced market trading volume intensified volatility, and the market trend is expected to continue in December. Rising natural gas prices may affect market demand, leading to increased inflation and putting pressure on the European Central Bank's ability to cut interest rates. The money market expects four rate cuts next year, with the likelihood of a rate cut dropping to below 50%