Germany's two-year government bond yield falls by more than 6 basis points as market expectations for central bank rate cuts cool down.

The yield on the two-year German bond fell by 6.1 basis points to 2.647%, trading within the 2.691%-2.646% range throughout the day and remaining in a declining trend, with the drop extending continuously since 19:30. The yield on the 30-year German bond decreased by 1.5 basis points to 3.626%. The yield spread between the 2-year and 10-year German bonds rose by 5.096 basis points, reaching +43.209 basis points. Expand