
The sovereign prices of France, Italy, Spain, and Greece showed a V-shaped trend after the release of the U.S. non-farm payroll report
On Wednesday (August 6), in the European market's late trading, the yield on France's 10-year government bonds fell by 1.3 basis points to 3.552%. When the U.S. non-farm payroll report and retail sales data were released at 21:30 Beijing time, the decline slightly expanded, approaching 3.545% and the day's low of 3.544% set earlier in the European market. After that, there was a wave of fluctuations, "returning" to the low oscillation state before the non-farm data was released. The yield on the two-year French bonds fell by more than 2.0 basis points, refreshing the day's low to 2.335%, continuing to oscillate downward throughout the day, with the U.S. non-farm data not causing any "significant" abnormal fluctuations; the yield on the 30-year French bonds fell by 0.7 basis points to 4.431%. The yield on Italy's 10-year government bonds rose by 1.4 basis points to 3.546%, refreshing the day's high to 3.570% shortly after the release of the U.S. non-farm payroll report and the opening of the U.S. stock market. The yield on Spain's 10-year government bonds fell by 1.7 basis points to 3.283%. The yield on Greece's 10-year government bonds fell by 1.8 basis points to 3.432%

