The two-year German bond yield turned positive, and the money market cooled on the prospects of an interest rate cut by the European Central Bank, while the 30-year German bond yield fell by nearly 5 basis points

Wallstreetcn
2025.02.05 17:24

On Wednesday (February 5), in the European market's late trading session, the yield on Germany's 10-year government bonds fell by 3.0 basis points to 2.366%, trading within a range of 2.382%-2.344% during the day, and showing a W-shaped downward trend throughout the day. At 23:20 Beijing time (after the release of the US ISM Non-Manufacturing Index), it refreshed the daily low, and then narrowed the decline again. The yield on the 2-year German bonds rose by 0.6 basis points to 2.057%, refreshing the daily low to 2.012% at 17:44, followed by low-level fluctuations. After the release of the US ADP employment data ("small non-farm") at 21:15, there was a significant surge before the opening of the US stock market; the yield on the 30-year German bonds fell by 4.7 basis points to 2.599%. The spread between the 2-year and 10-year German bond yields fell by 3.829 basis points to +30.525 basis points

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.