Euro-area government bond yields opened slightly lower on Monday but remain
Fragile crude prices stay elevated and sovereign supply ramps up this week.
Belgium auctions on Monday; Netherlands and Italy on Tuesday; Germany on
Wednesday; Spain and France on Thursday. Elevated oil raises the odds of further
ECB rate hikes. Deutsche Bank rates strategist Rainer Guntmann said the oil
rebound, ECB President LAGARDE’s remarks, this week’s economic data and heavy
issue could amplify market unease.