I just reviewed the German bonds, and honestly, it was an interesting day. They opened strongly but then reversed quite quickly. The short-term bonds (2 years) fell by 2 basis points and closed around 2.597%, fluctuating between 2.528% and 2.617% during the session. Meanwhile, the long-term bonds (30 years) rose slightly, reaching 3.460%. The interesting part is that the spread between the 2- and 10-year bonds widened, exceeding 38 basis points. It seems the market is digesting monetary policy expectations, with the shorter bonds pressured downward but the longer ones holding steady. Typical when there is uncertainty about the central bank's upcoming moves.

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