The yield on German bonds surged and then retreated on the U.S. non-farm payrolls day, with long-term German bond yields falling by more than 3 basis points

On Wednesday (February 11), in the European market's late trading, the yield on Germany's 10-year government bonds fell by 1.6 basis points to 2.792%. When the U.S. non-farm payroll report was released at 21:30 Beijing time, it rose from below 2.8% to 2.824%, hitting a daily high, and then gradually retreated, approaching the daily low of 2.791% refreshed at 17:54.

The yield on the two-year German bonds fell by 0.3 basis points to 2.066%, trading within a range of 2.061%-2.093% during the day; the yield on the 30-year German bonds fell by 3.4 basis points, refreshing the daily low to 3.456%, and hitting a daily high of 3.501% at 21:30.

The yield spread between the 2-year and 10-year German bonds fell by 1.345 basis points to +72.393 basis points