The 30-year German bond yield rose by more than 7 basis points, briefly surpassing 3.3% to hit the highest level since September 2011.

At the end of the European market on Tuesday, the yield on German 10-year government bonds rose by 4.8 basis points to 2.744%, trading in a range of 2.691% to 2.758% during the day, and continued to fluctuate at low levels until 21:04 Beijing time, before sharply rising. The yield on German 2-year bonds rose by 0.3 basis points to 1.967%, hitting a daily low of 1.957% after the release of US CPI inflation data, before turning higher and reaching a daily high of 1.986% at 22:27, giving back over half of the rebound. The yield on German 30-year bonds rose by 7.3 basis points to 3.299%, reaching 3.308% at 22:27 - approaching the highs of 3.114% on September 1, 2011, and 3.980% on April 11 of the same year, before continuing to fluctuate at high levels. The spread between 2-year and 10-year German bond yields increased by 4.443 basis points to +77.423 basis points.