The 30-year German bond yield rose by over 6 basis points, increasing investor concerns about the German government's plan to increase bond issuance.

On Tuesday afternoon in the European market, the yield on Germany's 10-year government bonds rose by 3.6 basis points to 2.543%. A rally began at 17:00 Beijing time, hitting a daily high of 2.573% at 17:25, before gradually giving back some of the gains. The yield on Germany's 2-year bonds increased by 1.3 basis points to 1.851%, trading in a range of 1.830%-1.861% during the day. The yield on Germany's 30-year bonds rose by 6.5 basis points to 3.026%, remaining in an upward trend throughout the day. The yield spread between 2-year and 10-year German bonds widened by 2.388 basis points to +69.010 basis points.