German bond yields rose on the day of the release of US CPI data, then fell back. Investors are paying attention to the impact of the data on the prospect of interest rate cuts
At the end of the European session on Wednesday (September 11th), the yield on German 10-year government bonds fell by 1.9 basis points to 2.112%. At 20:30 Beijing time, it rose when the U.S. CPI data was released, reaching a daily high of 2.156% at 20:42, then falling and hitting a daily low of 2.085% at 22:51. The yield on two-year German bonds dropped by 2.5 basis points to 2.152%, hitting a daily high of 2.204% at 20:41, and then reaching a daily low of 2.124% at 22:50. The yield on 30-year German bonds fell by 1.1 basis points to 2.395%. The 2/10-year German bond yield spread increased by 0.788 basis points to -4.264 basis points