German Bund yields look set to open higher after the sharp U.S.-led correction over quarter-end, Commerzbank's Hauke Siemssen says in a note. Flash estimate eurozone HICP data--with the headline print expected to decelerate--argues for a stabilisation just below 2.9% for the 10-year Bund yield, the rates strategist says. "Bunds are under pressure and 10-year yields look set to break out of the recently established range today, opening just below 2.9%." The U.S.-led selloff will take its toll on Bunds this morning, he says. In supply, Germany will auction 3.5 billion euros in November 2032 Bunds. (emese.bartha@wsj.com)