After the US PCE inflation data was released, the two-year German bond yield fell by nearly 7 basis points from its high, with a cumulative decline of about 16 basis points this week

At the European market close on Friday (July 26), the yield on German 10-year government bonds fell by 1.0 basis point to 2.407%. After the release of the PCE inflation index favored by the Federal Reserve at 20:30 Beijing time, it significantly fell and turned downward, with a cumulative decline of 6.0 basis points this week, with an overall fluctuation slightly exceeding 10 basis points. The yield on two-year German bonds fell by 1.2 basis points to 2.622%, while the US PCE inflation data hit a daily high of 2.669% upon release, then fell and hit a daily low of 2.6%, with a cumulative decline of 15.9 basis points this week and an overall fluctuation of 25 basis points; the yield on 30-year German bonds fell by 0.2 basis points to 2.627%. The 2/10-year German bond yield spread increased by 0.228 basis points to -21.728 basis points, with a cumulative increase of 10.274 basis points this week