---
title: "The 10-year German bond yield surged and then retreated on the day of the European Central Bank's decision"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/270196036.md"
description: "On December 18th, the yield on Germany's 10-year government bonds surged and then retreated on the day of the European Central Bank's decision, closing down 1.4 basis points to 2.850%. The two-year yield remained flat, while the 30-year yield slightly declined. The narrowing yield spread reflects the market's reaction to the central bank's decision and the U.S. CPI data"
datetime: "2025-12-18T17:59:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270196036.md)
  - [en](https://longbridge.com/en/news/270196036.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270196036.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/270196036.md) | [繁體中文](https://longbridge.com/zh-HK/news/270196036.md)


# The 10-year German bond yield surged and then retreated on the day of the European Central Bank's decision

On Thursday (December 18), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 1.4 basis points to 2.850%, trading within a range of 2.897%-2.841% during the day. It continued to fluctuate at low levels before the European Central Bank announced its interest rate decision statement at 21:15 Beijing time, and rose above 2.880% after the release of the U.S. CPI inflation data at 21:30. After reaching a daily high following the start of President Lagarde's press conference at 21:53, it subsequently fell back.

The yield on the 2-year German bonds remained roughly unchanged at 2.137%, trading within a range of 2.167%-2.121% during the day, unaffected by the Bank of England's interest rate decision statement released at 20:00. When the European Central Bank's decision statement was published, it rose from around 2.130% to above 2.150%, reaching a daily high after the start of Lagarde's press conference, before quickly giving back that increase. The yield on the 30-year German bonds fell by 0.1 basis points to 3.485%.

The 2/10-year German bond yield spread fell by 1.446 basis points to +70.996 basis points, trading within a range of +73.724 to +70.678 basis points during the day

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