Europe morning bid: bonds face a brutal quarter as rates stay higher for longer

A look ahead says the 10-year US Treasury yield is up 81 basis points in the July-September quarter, on course for its steepest rise since 2022, and at a 19-year peak; Japan’s 10-year yield is up 42 bps in the quarter. Investors also watch Germany retail sales, UK GDP, and France and Germany CPI.