Euro zone government bond yields remained largely unchanged after U.S. data revealed a marginal rise in consumer spending for August. According to the U.S. Commerce Department's Bureau of Economic Analysis, consumer expenditure—a major economic driver—increased by 0.6% last month following a consistent 0.5% rise in July.

The 10-year German Bund, serving as the euro area's benchmark, saw yields drop 4 basis points to 2.73%, despite initial declines of 3 basis points prior to the U.S. data release. The market anticipated a moderate inflation reading, setting the scene for further market response.

This week, U.S. Treasuries led the euro area's fixed income market, with investor uncertainty surrounding the Federal Reserve's potential easing measures. Meanwhile, the European Central Bank is e

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