Big German budget for 2026 fails to shake Bunds

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Big German budget for 2026 fails to shake Bunds

Berlin, Germany. 30th July, 2025. Lars Klingbeil (SPD), Federal Minister of Finance, attends the press conference on the 2026 budget. Credit: Soeren Stache/dpa/Alamy Live News

Prospect of more borrowing and investment next year did little to deter Bund yields or swap spreads

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