The yield on 10-year German bonds fell by about 5 basis points on Friday, with a cumulative drop of over 9 basis points for the week.

At the end of the European market on Friday, the yield on German 10-year government bonds fell by 4.7 basis points to 2.643%, a cumulative decrease of 9.4 basis points for the week, with overall trading in the range of 2.740% to 2.643%. The 2-year German bond yield dropped by 4.3 basis points to 1.998%, a cumulative decrease of 5.6 basis points for the week, with overall trading in the range of 2.058% to 1.998%; the 30-year German bond yield fell by 3.9 basis points to 3.314%, a cumulative decrease of 8.6 basis points for the week. The 2/10-year German bond yield spread decreased by 0.424 basis points to +64.391 basis points, with a cumulative decrease of 3.825 basis points for the week.