The 10-year German bond yield rose by about 8 basis points on Friday, while the long-end German bond yield rose by over 14 basis points this week.

At the end of the European trading session on Friday, the yield on German 10-year government bonds rose by 7.9 basis points to 2.791%. It has increased by a total of 9.8 basis points this week, with two waves of upward trends. After dropping to a low of 2.654% on August 14th, it has been steadily and smoothly rising. The yield on 2-year German bonds rose by 2.8 basis points to 1.973%, with an increase of 1.8 basis points for the week. Prior to the release of US PPI wholesale inflation data on August 14th, the yield dropped to 1.918% and has since been steadily rebounding. The yield on 30-year German bonds rose by 8.2 basis points to 3.350%, with an increase of 14.3 basis points for the week. The yield spread between 2-year and 10-year German bonds increased by 4.858 basis points to +81.247 basis points, with a total increase of 8.168 basis points for the week.