The mid-to-long term German bond yields fell by about 8 basis points, Germany expects the economic weakness to result in a decrease in tax revenue of 33.3 billion euros.

At the end of the European market on Thursday, the yield on German 10-year government bonds fell by 7.7 basis points to 2.622%, remaining in a downtrend throughout the day, with overall volatility to the downside, trading in the range of 2.698% to 2.622%. The yield on 2-year German bonds dropped by 6.0 basis points to 1.880%, trading within a range of 1.941% to 1.875% during the day; the yield on 30-year German bonds fell by 8.0 basis points, hitting a daily low of 3.066%. The yield spread between 2-year and 10-year German bonds narrowed by 1.671 basis points to +73.918 basis points.