The two-year German bond yield rose by about 13 basis points, and investor demand for safe-haven sovereign bonds cooled.

At the end of the European market on Monday, the yield on German 10-year government bonds rose by 8.6 basis points to 2.648%. After a "gap up" opening, it continued to fluctuate smoothly and rise during the day, reaching a daily high of 2.650% at 21:27 Beijing time. The yield on two-year German bonds rose by 12.8 basis points to 1.913%, trading between 1.821% and 1.923% during the day; the yield on 30-year German bonds rose by 6.2 basis points to 3.081%. The yield spread between 2-year and 10-year German bonds decreased by 4.182 basis points to +73.273 basis points.