European bond yields steady as metals rout grips markets
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European bond yields remained steady as precious metals faced a significant selloff, with silver and gold prices dropping around 10% and 6%, respectively. This decline was influenced by increased margin requirements from CME Group and market reactions to U.S. President Trump's nomination of Kevin Warsh for Federal Reserve Chair. Despite the turmoil in metals, German 10-year yields held at 2.8428%, while two-year yields were stable at 2.068%. Investors are awaiting the European Central Bank's interest rate decision, with inflation data expected to influence future policy.
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