The 30-year German bond yield rose by more than 7 basis points, briefly surpassing 3.3%—the highest level since September 2011

On Tuesday (August 12), in the European market's late trading session, the yield on Germany's 10-year government bonds rose by 4.8 basis points to 2.744%, trading within a range of 2.691%-2.758% during the day. It remained in a narrow low-level fluctuation until 21:04 Beijing time (including the time point of 20:30 when the U.S. CPI data was released), and then significantly rose. The yield on the 2-year German bonds increased by 0.3 basis points to 1.967%. After the release of the U.S. CPI inflation data, it refreshed the day's low to 1.957%, then turned upward, reaching a new daily high of 1.986% at 22:27, giving back more than half of this rebound; the yield on the 30-year German bonds rose by 7.3 basis points to 3.299%, climbing to 3.308% at 22:27—approaching the peak of 3.114% on September 1, 2011, and the peak of 3.980% on April 11 of that year, followed by continued high-level fluctuations. The yield spread between the 2-year and 10-year German bonds increased by 4.443 basis points to +77.423 basis points