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

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%