TREE NEWS reports: German 2-year bond yields fell 0.9 basis points to 2.949% on Friday, paring the weekly gain to 4.3 basis points. The yield spiked to 2.990% upon the US nonfarm payroll release at 20:30 Beijing time before retreating. The 10-year yield ended at 3.339%, up 6.0 basis points on the week, with the 2/10 curve steepening to +38.792 basis points.
German 2-yr yield falls ~1bp on nonfarm payroll day, weekly gain narrows to ~4bp
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