Eurozone government bond yields fall as US yields hold near multiyear highs

Eurozone 10-year Bund yield fell 3.1 basis points to 3.575% in opening trade, after hitting a 2009 high of 3.611% on Thursday. US 10-year Treasury yield rose 1.3bp to 5.174%, below Thursday's 5.225% multiyear high. The dollar held near an eight-week high as Fed officials reiterated need for further tightening. Morgan Stanley abandoned its earlier forecast for a weaker dollar, now sees strength through 2027. Bitcoin slipped 0.5% to $83,959 on macro headwinds. Analysts attribute yield rise to a mix of strong US data, energy prices, fiscal concerns, and geopolitical uncertainty. The Trump-Xi summit produced limited breakthroughs but maintained dialogue.