German two-year government bond yields dropped by about 11 basis points, with investors focusing on the falling oil prices.

On Tuesday, in the final moments of the European session, the yield on Germany's 10-year government bond fell by 7.1 basis points, hitting a daily low of 3.022%. Before 19:00 Beijing time, it held steady below 3.060%, then hit a daily high of 3.075% at 19:09 before accelerating its decline around 22:00. The yield on Germany's 2-year bond dropped by 10.7 basis points to 2.538%, trading within a range of 2.620%-2.538% during the day. The yield on Germany's 30-year bond fell by 3.5 basis points to 3.581%. In the early Asia-Pacific session until 20:00, WTI crude oil futures continued to test $98 per barrel with no success, and then the decline in prices continued to widen.