The 10-year German government bond yield closed at 3.345%, down about 8.1 basis points for the week.

On Friday (October 23), late in the European trading session, the yield on the 10-year German government bond rose by 1.1 basis points to 3.345%, narrowing its cumulative weekly decline to about 8.1 basis points. Throughout the week, it fluctuated within the range of 3.467% to 3.309%, with the overall trend continuing downward. The 2-year German bond yield increased by 2.7 basis points on the day to 3.062%, with a cumulative weekly decrease of 4.7 basis points. During the week, the trading range was 3.146% to 3.013%, with a noticeable drop between October 22 and 24; the 30-year German bond yield fell by a cumulative 11.5 basis points this week to 3.681%, with the downward trend prevailing throughout the week. The yield spread between the 2-year and 10-year German bonds narrowed by a cumulative 3.371 basis points this week, reaching +28.075 basis points.

Note: Changes in German bond yields are usually closely linked to expectations for eurozone monetary policy, market risk appetite, and inflation trends. This week, the decline in long-term German bond yields was noticeably larger than that of the short end, reflecting some adjustment in the market's expectations for the long-term economic fundamentals.