
The two-year German bond yield rose more than 10 basis points this week, with the European Central Bank's interest rate cut and the U.S. non-farm payroll report
On Friday (June 6), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 0.7 basis points to 2.576%. This week, it has accumulated an increase of 7.6 basis points, with an overall trading range of 2.476%-2.592%. Following the European Central Bank's announcement of an interest rate cut on Thursday and before President Lagarde's press conference, there was a significant rally.
The yield on the 2-year German bonds rose by 0.7 basis points to 1.880%, with a cumulative increase of 10.4 basis points this week, trading within a range of 1.764%-1.886%. The yield on the 30-year German bonds fell by 1.6 basis points to 3.009%, with a cumulative increase of 3.0 basis points this week.
The yield spread between the 2-year and 10-year German bonds fell by 1.225 basis points to +68.991 basis points, with a cumulative decrease of 3.227 basis points this week