German bond yields fell 1 basis point, the risk of the closure of the Strait of Hormuz caused temporary inflation worries generated by oil prices.

In the afternoon of Thursday in the European market, the yield on German 10-year government bonds fell by 1.0 basis points to 2.507%. The risk of Iran blocking the Strait of Hormuz in the Asia-Pacific market initially pushed international oil prices sharply higher, driving concerns about inflation risks and causing German bond yields to "gap up" and reach a high of 2.563% at 14:24 Beijing time, before continuing to fluctuate down to a low of 2.495% at 20:58. The yield on German 2-year government bonds fell by 1.1 basis points to 1.838%, trading in a range of 1.889% to 1.834% during the day, as investors focused on the interest rate outlook of the Federal Reserve. The yield on German 30-year government bonds fell by 1.1 basis points to 2.961%. The yield spread between 2-year and 10-year German government bonds increased by 0.102 basis points to +66.622 basis points, with a V-shaped reversal throughout the day.