Italian, Spanish and Greek sovereign bond prices showed a V-shaped trend on the day of the European Central Bank's decision, with the 10-year Italian bond yield dropping more than 3 basis points.

On Thursday in the European market, the yield on French 10-year government bonds fell by 1.9 basis points to 1.556% at the close. At 19:02 Beijing time, it hit a daily low of 3.539%, and after the European Central Bank announced its interest rate decision at 21:15, it slightly rebounded and hit a daily high of 3.6702% when ECB President Lagarde's news conference began, but then gave up its gains and fell. The yield on two-year French government bonds fell by 0.2 basis points to 2.333%, and also hit a daily high of 2.365% after the news conference began. The yield on 30-year French government bonds rose by 0.2 basis points to 4.452%. The yield on Italian 10-year government bonds fell by 3.1 basis points to 3.538%, hitting a daily high of 3.588% at 21:53. The yield on Spanish 10-year government bonds fell by 1.9 basis points to 3.280%, hitting a daily high of 3.325% at 21:54. The yield on Greek 10-year government bonds fell by 2.4 basis points to 3.425%, hitting a daily high of 3.478% at 21:54.