The two-year German bond yield rose more than 1 basis point.

On Wednesday, during the European session, the yield on Germany's 10-year government bond fell by 0.3 basis points to 2.706%. Throughout most of the day, it exhibited a low-level oscillation in a W-shaped pattern, hitting a low of 2.674% at 16:25 Beijing time. Following the release of the U.S. ADP small non-farm payroll report and GDP data, it rose to a high of 2.715% at the beginning of the U.S. stock market session. The yield on Germany's 2-year government bond increased by 1.2 basis points to 1.954%, trading between 1.929% and 1.960% during the day. The yield on Germany's 30-year government bond remained roughly unchanged at 3.204%. The yield spread between the 2-year and 10-year German government bonds decreased by 1.495 basis points to +74.860 basis points.