The 10-year German bond yield fell more than 3 basis points on Friday.

On Friday, during the European market's closing, the yield on Germany's 10-year government bonds fell by 3.5 basis points to 2.722%. At 22:00 Beijing time, Federal Reserve Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Meeting caused a sudden drop in the yield from 2.744% to 2.712%. This week, it has decreased by a total of 6.6 basis points, showing a downward trend in an overall M-shaped oscillation. The yield on Germany's 2-year bonds dropped by 2.4 basis points to 1.948%, and Powell's dovish signal caused an instant drop from 1.976% to 1.947%. This week, it has decreased by 2.5 basis points, and on August 21, it had dropped to 1.929% during the early trading session of the European stock market. The yield on Germany's 30-year bonds decreased by 1.8 basis points to 3.309%, with a total decrease of 4.0 basis points this week. The yield spread between 2-year and 10-year German government bonds decreased by 1.232 basis points to +77.063 basis points, with a total decrease of 4.184 basis points this week.