07:03 AM EDT, 09/03/2024 (MT Newswires) -- European Union government bonds have opened lower Tuesday perhaps reflecting the outcome of Sunday's elections in Thuringia and Saxony, the former of which saw the far-right AfD win the largest share of the vote in a German regional election for the first time, said Daiwa Capital Markets.

Both elections saw the ruling German federal coalition government parties perform miserably and far-left parties also performed strongly, added the bank.