On Wednesday (February 11), during the European market close, the German 10-year government bond yield fell by 1.6 basis points to 2.792%. When the US non-farm payroll report was released at 21:30 Beijing time, it surged from below 2.8% to a daily high of 2.824%, then gradually retreated, approaching the daily low of 2.791% set at 17:54. The 2-year German bond yield dropped 0.3 basis points to 2.066%, trading within the range of 2.061% to 2.093% during the day. The 30-year German bond yield fell 3.4 basis points to a daily low of 3.456%, then rose to a daily high of 3.501% at 21:30. The 10/2-year German bond yield spread decreased by 1.345 basis points to +72.393 basis points.
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German bond yields rose on non-farm payroll day in the US, then pulled back, with long-term German bond yields falling more than 3 basis points
On Wednesday (February 11), during the European market close, the German 10-year government bond yield fell by 1.6 basis points to 2.792%. When the US non-farm payroll report was released at 21:30 Beijing time, it surged from below 2.8% to a daily high of 2.824%, then gradually retreated, approaching the daily low of 2.791% set at 17:54. The 2-year German bond yield dropped 0.3 basis points to 2.066%, trading within the range of 2.061% to 2.093% during the day. The 30-year German bond yield fell 3.4 basis points to a daily low of 3.456%, then rose to a daily high of 3.501% at 21:30. The 10/2-year German bond yield spread decreased by 1.345 basis points to +72.393 basis points.