German bond yields surged and then fell back, as investors' confidence in the Fed's rate cut in September was reinforced after the release of US CPI data
At the end of the European session on Wednesday (August 14th), the yield on German 10-year government bonds fell by 0.6 basis points to 2.180%. Three minutes after the release of US CPI data at 20:30 Beijing time, it hit a daily high of 2.219%, then fell, reaching a daily low of 2.168% at 22:12. The yield on two-year German bonds rose by 1.4 basis points to 2.354%, hitting a daily low of 2.333% at 14:25 (before the European stock market opened), then fluctuating upwards and hitting a daily high of 2.381% at 20:32