The two-year German bond yield rose by more than 1 basis point

On Wednesday (July 30), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 0.3 basis points to 2.706%, showing a W-shaped low-level fluctuation for most of the day. At 16:25 Beijing time, it refreshed the daily low to 2.674%. After the release of the U.S. ADP small non-farm employment report and GDP data, it refreshed the daily high to 2.715% at the beginning of the U.S. stock market. The yield on the two-year German bonds rose by 1.2 basis points to 1.954%, trading within the range of 1.929%-1.960% during the day; the yield on the 30-year German bonds remained roughly flat at 3.204%. The yield spread between the 2-year and 10-year German bonds fell by 1.495 basis points to +74.860 basis points