The yield on German two-year government bonds rose more than 3 basis points on US non-farm payroll day, accumulating an increase of over 16 basis points this week.

At the end of the European session on Friday, the yield on German 10-year government bonds rose by 1.6 basis points to 3.038%. The yield increased from 3.028% to 3.046% when the US non-farm payroll report was released, with a cumulative increase of 10.1 basis points for the week, trading in the range of 2.946%-3.051%, and mostly near 3.030%. The yield on 2-year German bonds rose by 3.1 basis points to 2.692%, with a cumulative increase of 16.3 basis points for the week, trading in the range of 2.571%-2.697%. The yield on 30-year German bonds rose by 0.7 basis points to 3.571%, with a cumulative increase of 7.1 basis points for the week. The yield spread between 2-year and 10-year German bonds fell by 1.383 basis points to +34.432 basis points, with a cumulative decrease of 6.264 basis points for the week.