The yield on medium and long-term German bonds fell by about 1 basis point.

At the end of the European market on Monday, the yield on German 10-year government bonds fell by 0.7 basis points to 2.712%, remaining in a downward trend throughout the day. It rose to 2.719% at 15:56 Beijing time to set a new daily high, then dropped to 2.700% at 16:55 to set a new daily low before continuing to rise. The yield on 2-year German bonds rose by 0.6 basis points to 2.042%, trading in a range of 2.024% to 2.043% during the day. The yield on 30-year German bonds fell by 0.9 basis points to 3.310%. The yield spread between 2-year and 10-year German bonds fell by 1.319 basis points to +66.897 basis points.