The two-year German bond yield increased by 7 basis points this week, and investors are no longer so concerned about the prospect of the European Central Bank cutting interest rates.

At the end of the European trading session on Friday, the yield on German 10-year government bonds fell by 3.2 basis points to 2.590%. It has increased by 2.8 basis points for the week, rising continuously from Monday to Wednesday to a high of 2.701%, then retracing on Thursday and Friday, reaching 2.563% by 18:15 Beijing time on Friday, almost completely giving back the earlier gains for the week. The yield on 2-year German bonds dropped by 2.4 basis points to 1.855%, rising by 7.0 basis points for the week, reaching 1.952% on Wednesday before falling consistently, nearly touching 1.840% on Friday. The yield on 30-year German bonds fell by 2.7 basis points to 3.040%, increasing by 2.1 basis points for the week. The 2/10-year German bond yield spread decreased by 0.716 basis points to +73.202 basis points, dropping by 4.252 basis points for the week.