The 2-year German bond yield fell more than 2 basis points on Friday, with significant rebound this week driven by US retail sales data

Wallstreetcn
2024.08.16 16:47

At the European market close on Friday (August 16th), the yield on German 10-year government bonds fell by 1.5 basis points to 2.247%, with a weekly increase of 2.2 basis points, trading overall in the range of 2.168%-2.266%. This came after the release of US CPI data on August 14th, marking a "bottom".

The yield on 2-year German bonds dropped by 2.6 basis points to 2.433%, with a weekly increase of 4.6 basis points, trading in the range of 2.333%-2.464%. On August 15th, there was a sharp rebound following the release of US retail sales data.

The yield on 30-year German bonds fell by 1.5 basis points to 2.467%.

The 2/10-year German bond yield spread increased by 1.256 basis points to -18.987 basis points, with a weekly decline of 2.569 basis points

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