欧洲债市：德国提高发债规模 30年期国债收益率升至15年高位

Core Viewpoint - Germany's announcement to significantly increase its bond issuance this year has led to a surge in the 30-year government bond yield, reaching a 15-year high of 3.56% [1][8]. Group 1: Bond Market Reactions - The 30-year government bond yield rose by 4 basis points, marking the highest level since 2011 [1][8]. - The yield curve has steepened as longer-term German bonds underperform compared to shorter-term bonds, with the spread between 5-year and 30-year bond yields reaching the highest level in nearly seven years [1][8]. - The German government plans to raise €512 billion (approximately $604 billion) through bond issuance to fund infrastructure upgrades and military modernization [1][8]. Group 2: Other Government Bonds - The yield on German 7-year bonds is anticipated as investors await the upcoming issuance [9]. - The German bond yield increased by 3 basis points to 2.89% [10]. - German government bond futures fell by 28 points to 127.66 [11]. - The Italian 10-year bond yield rose by 2 basis points to 3.50% [12]. - The spread between Italian and German bonds narrowed by 1 basis point to 61 basis points [13]. - The French 10-year bond yield increased by 2 basis points to 3.47% [14]. - The UK 10-year bond yield rose by 1 basis point to 4.52% [15].