The two-year German bond yield fell more than 4 basis points this week, while the 30-year German bond yield rose nearly 2 basis points

On Friday (July 4th), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 0.8 basis points to 2.607%. This week, it has increased by a total of 1.5 basis points, having dropped to 2.542% before the U.S. stock market opened on July 1st, and then rebounding to 2.675% on July 2nd. The yield on 2-year German bonds fell by 1.8 basis points to 1.816%, with a cumulative decline of 4.4 basis points this week, trading overall in the range of 1.875%-1.799%. It significantly rebounded when the U.S. non-farm payroll report was released on July 3rd, oscillating below 1.860% from June 30th to July 3rd. The rebound brought by the non-farm payroll report quickly faded and continued to decline on July 4th; the yield on 30-year German bonds rose by 0.9 basis points to 3.087%, with a cumulative increase of 1.7 basis points this week. The yield spread between 2-year and 10-year German bonds increased by 1.174 basis points to +78.909 basis points, with a cumulative increase of 6.128 basis points this week