The 10-year German bond yield experienced two waves of sharp rises and falls on the U.S. non-farm payroll day, while the 30-year German bond yield has cumulatively dropped by about 8 basis points this week

On Friday (January 9), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 0.01 basis points to 2.863%. When the U.S. non-farm payroll report was released at 21:30 Beijing time, it rose to 2.878%, followed by a V-shaped reversal, reaching a daily high of 2.881% at 22:46. This week, it has accumulated a decline of 3.7 basis points, trading overall in the range of 2.906%-2.792%. From January 5 to 7, it continued to decline, stabilizing around 2.87% on January 8 and 9.

The yield on the two-year German bonds rose by 1.1 basis points to 2.107%, reaching a daily high of 2.113% when the non-farm payroll report was released. This week, it has accumulated a decline of 3.3 basis points, continuously falling from January 5 to 7, with a minimum drop to 2.076%, and slightly recovering ground on January 8 and 9.

The yield on the 30-year German bonds fell by 0.6 basis points to 3.462%, moving away from the daily high of 3.497% reached at 22:46. This week, it has accumulated a decline of 7.9 basis points.

The yield spread between the 2-year and 10-year German bonds fell by 1.120 basis points to +75.460 basis points, with an accumulated decline of 0.381 basis points this week