The two-year German government bond yield rose 2 basis points the day after Powell's debut.

At the close of the European market on Thursday, the yield on German 10-year government bonds rose by 0.2 basis points to 2.929%, trading within a range of 2.945% to 2.916% during the day and showing a roughly W-shaped trend. The yield on 2-year German bonds rose by 2.0 basis points to 2.607%. After the debut of Federal Reserve Chairman Kevin Wash, the yield jumped to 2.827% before quickly retreating to 2.619%, trading near this level for most of the day. The yield on 30-year German bonds fell by 1.3 basis points to 3.468%, mainly stabilizing at this level after opening lower. The yield spread between 2-year and 10-year German bonds fell by 1.935 basis points to +32.060 basis points, briefly dropping to +24.881 basis points at 14:27.