Germany's 10-year government bond yield rose more than 1 basis point, narrowing its weekly cumulative decline to less than 7 basis points.

Late Friday in the European session, the yield on 10-year German government bonds rose 1.4 basis points to 3.254%, down a cumulative 6.8 basis points for the week, trading overall in a range of 3.342%-3.207%, holding steady at highs from November 2-4, after sustained declines from the US market open on the 4th to the European market open on the 6th. The yield on 2-year German government bonds rose 1.4 basis points to 2.992%, down a cumulative 5.0 basis points for the week, trading overall in a range of 3.081%-2.930%; the yield on 30-year German government bonds fell a cumulative 4.8 basis points to 3.631%. The 2/10-year German government bond yield spread fell a cumulative 1.918 basis points to +25.971 basis points.