Eurozone government bond yields rose in early trading, driven by rising US Treasury yields and a slight rebound in oil prices from Monday's decline. Since no important economic data was released in the Eurozone on the same day, and the issuance of government bonds only involved Austria and Germany, investors' attention turned to the US midterm elections. The possibility that the Democratic Party will gain control of both houses of Congress at the same time has increased. Commerzbank analyst Christoph Rieger said in the report: “Overall, the Democratic Party's control of Congress is beneficial to US Treasury bonds.” “Predicting the election results is one thing; predicting how Trump and the market will react is another,” he said. The yield on German 10-year treasury bonds rose 2.1 basis points to 3.316% intraday. Belgian 10-year linear bonds were relatively underperforming, with yields rising 3.2 basis points to 4.428% after the country's budget negotiations broke down.

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