0556 GMT - Eurozone duration could firm, pushing yields lower, benefiting from relatively cheap levels, say Morgan Stanley Research's Lorenzo Testa and Maria Chiara Russo in a note. "We think the next events in the calendar should favor some more richening given duration is currently trading at discount," the rates strategists say. As for upcoming events, they refer in particular to flash estimate inflation data for Italy and Germany on Monday and for the eurozone on Tuesday. In addition, more clarity is expected on U.S. tariffs on April 2. Morgan Stanley's fair value model for 10-year Bunds shows the German benchmark is currently trading on the cheap side. On Friday, the 10-year Bund yield closed 4.5 basis points lower at 2.732%, according to Tradeweb. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 01:56 ET (05:56 GMT)
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