TREE NEWS reports: Germany’s 2-year Bund yield rose 1.2 basis points to 3.076% on Friday, October 2, after touching a session low of 2.949% at 20:32 Beijing time when the US nonfarm payrolls report was released. The 10-year yield fell 4.6bp to 3.462% and the 30-year dropped 7.5bp to 3.819%. For the week, the 2-year fell 20.2bp and the 10-year 14.0bp.
German 2-Year Bund Yield Rises 1.2bp on US Jobs Day, Down 20bp on the Week
AI take
The curve move is the story: front-end yields barely budged after the payrolls print while the long end rallied hard, steepening the curve even as the whole complex posted a large weekly decline. That divergence suggests the market read the data as a growth concern rather than an inflation one, which matters for anyone pricing euro-area duration or the rate path. Whether the long end keeps outperforming the front end is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
13m ago
WTI November Crude Settles Down 1.89% at $91.11 a Barrel
19m ago
US-Ukraine Reconstruction Fund Finalizes First Critical Minerals Project
23m ago
Kremlin: No Bilateral Talks on Black Sea Security Yet
59m ago
ICE: Brent Crude Speculative Net Longs Cut by 13,812 Contracts to 204,302
1h ago
Wall Street Ramps Up Options Bets Ahead of Tight Brazil Election
1h ago
Italy Finance Minister: ECB’s Lagarde Should Clarify Her Position