Germany’s 10-year Bund yield eased to around 3.25%, down from Wednesday’s 3.2625%, as falling oil prices reduced immediate concerns about persistent inflation. Brent crude was heading for its first daily decline in six sessions, while eurozone consumers’ 12-month inflation expectations fell to 2.9% in July from 3% in June. Inflation remains above the ECB’s 2% target, keeping possible further monetary tightening in focus after the central bank’s June rate increase. Investors are also monitoring volatility in global bond markets linked to inflation concerns and rising government spending. Eurozone business activity continued to expand in August, supported by a particularly strong improvement in manufacturing led largely by Germany, while services growth remained modest.