Core Points - The German 10-year bond yield decreased by 3.5 basis points to 2.722% during the European market close on Friday [1] - Following Fed Chair Powell's dovish signals at the Jackson Hole global central banking conference, the yield dropped from 2.744% to 2.712% [1] - The 10-year bond yield has seen a total decline of 6.6 basis points this week, exhibiting an M-shaped downward trend [1] Yield Summary - The 2-year German bond yield fell by 2.4 basis points to 1.948%, dropping from 1.976% to 1.947% after Powell's speech [1] - This yield has cumulatively decreased by 2.5 basis points this week, with a low of 1.929% observed on August 21 [1] - The 30-year German bond yield decreased by 1.8 basis points to 3.309%, with a total decline of 4.0 basis points this week [1] Yield Spread - The yield spread between the 2-year and 10-year German bonds decreased by 1.232 basis points to +77.063 basis points [1] - This spread has cumulatively declined by 4.184 basis points this week [1]

Group 1 - The German 10-year bond yield decreased by 1.6 basis points to 2.679% on August 1, with a notable drop after the release of the US non-farm payroll report and the ISM manufacturing index [1] - The 2-year German bond yield fell by 3.5 basis points to 1.929%, with a total decline of 2.0 basis points for the week [1] - The 30-year German bond yield increased by 1.2 basis points to 3.189%, but experienced a cumulative drop of 1.8 basis points for the week [1] Group 2 - The yield spread between the 2-year and 10-year German bonds rose by 1.856 basis points to +74.612 basis points, with a total decline of 1.874 basis points for the week [1]

Group 1 - The yield on Germany's 10-year government bonds decreased by 1.1 basis points, reaching 2.695%, with a cumulative increase of 8.8 basis points in July, trading within a range of 2.542%-2.769% [1] - The yield on 2-year German bonds increased by 1.0 basis point to 1.964%, with a cumulative rise of 11.0 basis points in July, trading between 1.799%-1.980%, showing a significant rebound on July 23-24 [1] - The yield on 30-year German bonds fell by 2.8 basis points to 3.176%, with a cumulative increase of 8.7 basis points in July [1] Group 2 - The 2/10 year German bond yield spread decreased by 2.104 basis points, now at +72.756 basis points, with a cumulative decline of 1.158 basis points in July [1]

Core Viewpoint - The announcement of a trade agreement between the United States and Japan has positively influenced the German bond market, leading to an increase in yields across various maturities [1]. Group 1: Bond Market Reactions - The yield on the German 10-year government bonds rose by 5.0 basis points to 2.639% following the trade agreement announcement [1]. - The 2-year German bond yield increased by 3.1 basis points, reaching 1.844%, with intraday trading between 1.805% and 1.844% [1]. - The 30-year German bond yield saw a rise of 5.5 basis points, settling at 3.173% [1]. Group 2: Yield Spread Dynamics - The yield spread between the 2-year and 10-year German bonds widened by 1.676 basis points, now at +79.196 basis points [1].

Group 1 - The yield on Germany's 10-year government bonds increased by 2.3 basis points, reaching 2.540% with a trading range of 2.519%-2.558% throughout the day [1] - The yield on 2-year German bonds decreased by 1.0 basis point, settling at 1.742% within a trading range of 1.769%-1.739% [1] - The yield on 30-year German bonds rose by 3.2 basis points, reported at 3.004% [1] Group 2 - The 2/10 year German bond yield spread increased by 3.299 basis points, now at +79.524 basis points [1]

周二（4月29日）欧市尾盘，德国10年期国债收益率下跌2.4个基点，报2.497%，"跳空低开"之后，日内 整体上低位震荡，交投于2.511%-2.486%区间。 两年期德债收益率跌0.7个基点，报1.736%，日内交投于1.708%-1.740%区间，全天处于下跌状态；30年 期德债收益率跌2.0个基点，报2.927%。 2/10年期德债收益率利差跌1.687个基点，报+75.844个基点。 ...