Germany's 10-year Bund yield held steady around 2.841% following the release of flash Purchasing Managers' Index (PMI) data, showing resilience despite mixed economic signals. The relatively flat response suggests the market had largely priced in expectations before the data drop.

For crypto markets, these yields matter more than many realize. When traditional bond yields stabilize at current levels, it affects the opportunity cost of holding risk assets. A steady 2.8%+ yield on German sovereign debt remains competitive against some alternatives, influencing capital allocation flows.

The unchanged trajectory here signals no major shock to eurozone growth expectations—at least not from today's PMI print. Market participants seem positioned for continued economic uncertainty without panic moves. Worth monitoring whether upcoming ECB signals shift this equilibrium.