European bond market: German bonds end five-session winning streak, rising oil prices putting pressure on the market.

German government bond ended last week's consecutive rise, with a slightly flattened yield curve. This week, as the peaceful negotiations between the United States and Iran resumed, energy prices rose, putting pressure on the bond market. The implied rate hike by the European Central Bank before the end of the year in the swap market is 26 basis points, higher than the 24 basis points last Friday. Last Friday's data was the lowest level in two months. Due to the rise in oil prices leading to a decline in short-term government bond prices, and a decrease in risk premiums pushing up long-term government bond prices, the yield curve of British government bonds showed a trend of flattening with distortion.