At the highest level since 2011, the 30 -year performance was rendered German counterpartas investors ‘attention turned to estimates for a significant increase in budgetary expenditure, while figures released earlier today (12.8.2025) on the US economy generally contracting analysts’ forecasts.
“Change in long -term German bond yields is not surprising given the low volume and the wider economic framework,” said Michel Tucker, an IG strategic analyst.
The yield of the 30 -year German bond increased by 7 BPS points (BPS) to 3,2898%, to the highest level since the summer of 2011.
The borrowing costs in the eurozone remained almost unchanged since the US and China expanded their commercial truce for another 90 days, as expected.
The yield on the two -year German bond increased by half a base unit to 1.97%, while the yield on the ten -year German bond increased by 5 basis points to 2.74%.
Meanwhile, the yield on the two -year US bond has fallen today, after the publication of the consumer prices index, which did not hide surprises compared to economists in July, possibly paving the way for interest rates from the Fed in September.