The 2-year German bond yield rose by more than 12 basis points on non-farm payrolls day, with investors focusing on the potential impact of US employment data on the Fed's interest rate cut prospects

Wallstreetcn
2024.10.04 16:15

At the European market close on Friday (October 4th), the yield on German 10-year government bonds rose by 6.6 basis points to 2.210%, with a cumulative increase of 7.7 basis points for the week. The yield traded in the range of 2.010% to 2.239% during the period, showing a V-shaped reversal trend.

The yield on 2-year German bonds rose by 12.2 basis points to 2.203%, significantly rising at 20:30 Beijing time when the US September non-farm payrolls report was released. The yield increased by 12.7 basis points for the week, trading in the range of 1.986% to 2.212% during the period. The yield on 30-year German bonds rose by 2.9 basis points to 2.492%

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