The two-year German bond yield rose more than 8 basis points on Friday, while the 10-year Italian bond yield increased by around 11 basis points.

In the European market at the end of Friday, the yield on German 10-year government bonds rose by 7.2 basis points, hitting a daily high of 3.060%, with a cumulative increase of 6.6 basis points this week. At the end of April 7th, it rose to 3.093%, then gapped down on April 8th, falling to a low of 2.903%, and gradually recovering afterwards. The yield on 2-year German bonds rose by 8.4 basis points, hitting a daily high of 2.604%, and briefly falling below 2.540% after the release of the US CPI inflation data at 20:30 Beijing time, before continuing to rise. It fell by 1.4 basis points this week. The yield on 30-year German bonds rose by 6.4 basis points, reaching a daily high of 3.588%, with a cumulative increase of 11.5 basis points this week. The yield spread between 2-year and 10-year German bonds fell by 1.298 basis points, to +45.199 basis points, moving away from the daily high of +48.313 basis points refreshed at 20:31, with a cumulative increase of 9.110 basis points this week.