Rainer Guntermann, research rates strategist at Commerzbank, said Bunds were likely to stabilise at the start of the week as markets looked forward to the Fed's decision on Wednesday. "A new round of downside in yields seems limited as front-end valuations look too high and there are very optimistic disinflationary hopes," he said. Money markets remain divided over whether the Fed will start the cycle by 25 basis points or 50, while Deutsche Bank economists expect the bank to cut by 25 basis points "because the [Fed] priority will be to start the process of rate cuts, which could be followed by a series of rate cuts." The 10-year Bund yield fell 1 basis point to 2.141 per cent, according to Tradeweb.