European government bonds declined, tracking the downturn in US Treasuries as traders scaled back their bets on interest rate cuts by the Federal Reserve. Short-term German bond yields recorded larger increases compared to their longer-term counterparts. German government bonds also faced pressure ahead of a debt issuance scheduled for Tuesday, which matures in 2035. UK government bonds saw modest gains, prompting a pullback in yields from the two-month highs reached late last week. Market Snapshot: The yield on German bonds rose by 2 basis points to 2.87%; German bond futures fell by 24 ticks to 127.93; The yield on Italy's 10-year government bond increased by 3 basis points to 3.48%; The Italy-Germany government bond yield spread remained largely unchanged, holding steady at 62 basis points; The yield on France's 10-year government bond climbed by 3 basis points to 3.45%; The yield on the UK's 10-year government bond decreased by 2 basis points to 4.50%.