Eurozone government bond yields declined modestly during early European trading sessions, mirroring the movement of US Treasuries during Asian trading hours following the Federal Reserve's announcement of a 25 basis point interest rate cut.

European Central Bank officials are scheduled to deliver speeches throughout the day, including President Christine Lagarde, while Spain and France are set to conduct government bond issuances. For France, this marks the first bond auction since Fitch Ratings downgraded the country's credit rating from AA- to A+ on Friday.

According to LSEG data, German 10-year bund yields decreased by 0.4 basis points to 2.673%, while French 10-year OAT yields fell by 0.9 basis points to 3.477%.