The 10-year German bond yield experienced a V-shaped reversal, rising more than 1 basis point throughout the day, as U.S. data fell short of expectations, leading investors to reduce bets on the Federal Reserve's interest rate cut prospects
On Thursday (January 2), in the European market's late trading session, the yield on Germany's 10-year government bonds rose by 1.2 basis points, reaching a daily high of 2.379%. At 21:00 Beijing time, it had also refreshed a daily low of 2.309%, and then it fluctuated upward smoothly. The yield on the 2-year German bonds increased by 1.8 basis points, reported at 2.1%, having refreshed a daily low of 2.029% at 18:57; the yield on the 30-year German bonds rose by 1.9 basis points, reported at 2.615%. The 2/10-year German bond yield spread fell by 0.514 basis points, reported at +27.529 basis points