German 10-Year Bund Yields Fall 4.5bp to 3.032% on June 11 as ECB Hike Triggers Selloff

On June 11 during eurozone close, German 10-year Bund yields fell 4.5 basis points to 3.032%, paring earlier intraday gains after the European Central Bank announced a rate hike at 20:15 Beijing time. The 2-year yield dropped 4.0 basis points to 2.679%, while the 30-year fell 4.2 basis points to 3.564%. Yields initially spiked following the ECB decision before reversing lower, with 10-year Bunds hitting a daily low of 3.021% by 21:54 local time.
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