The 2-year German bond yield fell by more than 5 basis points, and the decline continued to widen after the U.S. Department of Labor released preliminary revised non-farm employment data

Wallstreetcn
2024.08.21 16:29

At the European market close on Wednesday (August 21), the yield on German 10-year government bonds fell by 2.7 basis points, hitting a daily low of 2.188%. At 18:04 Beijing time, it rose to a daily high of 2.224%. The release of the US non-farm payroll revision by the US Department of Labor at 22:00 caused a turnaround, with another increase after the data was revealed. The yield on two-year German bonds dropped by 5.5 basis points, reaching a daily low of 2.352%. At 14:44 (before the European stock market opened), it hit a daily high of 2.412%. A brief rebound occurred with the release of the revised US non-farm payroll data, but the overall trend remained volatile and downward throughout the day. The yield on 30-year German bonds fell by 0.9 basis points, closing at 2.429%

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