The long and short of EU bond yields

EU 10 year bond yields are registering one of my overbought quinellas for the first time since September 2022.

They’ll appear in this weekend’s edition of my Macro Extremes.

For now, I’m recognising the upward momentum (which came into effect in late July ’26) as such but my call will be for this yield to pullback to 3% in the medium term, before seeing them settle into a new and higher atmosphere.

Overall, the EU 10 year bond yield is mimicking ‘shapes’ that I’m observing in the U.S. 10 year bond yield.

Incidentally, the U.S. 10 year bond yield is making shapes not seen since 1965.

September 11, 2026

rob@karriasset.com.au