German debt prices rose sharply before falling back.

At the closing of the European market on Wednesday, the yield on German 10-year government bonds rose by 0.5 basis points to 2.711%, trading in a range of 2.683% to 2.715% during the day, showing a U-shaped reversal. The yield on German 2-year bonds fell by 0.2 basis points to 2.018%, trading in a range of 2.021% to 2.003% during the day; the yield on German 30-year bonds rose by 1.2 basis points to 3.332%. The yield spread between 2-year and 10-year German bonds rose by 0.637 basis points to +69.214 basis points.