The two-year German bond yield fell nearly 7 basis points after the release of U.S. PCE inflation data, marking a cumulative decline of about 16 basis points this week.

On Friday (July 26), during the latter part of the European market, the yield on Germany's 10-year government bonds fell by 1.0 basis point to 2.407%. After the release of the U.S. Federal Reserve's favored PCE inflation index at 20:30 Beijing time, it significantly retraced and turned negative, accumulating a drop of 6.0 basis points for the week, with an overall fluctuation exceeding 10 basis points.

The yield on Germany's 2-year bonds decreased by 1.2 basis points to 2.622%. When the U.S. PCE inflation data was released, it reached a daily high of 2.669% but then fell to a daily low of 2.6%. This segment has seen a weekly decline of 15.9 basis points and a total fluctuation of 25 basis points; the yield for 30-year German bonds dropped by 0.2 basis points to 2.627%.

The 2/10 year German bond yield spread increased by 0.228 basis points to -21.728 basis points, with an overall increase of 10.274 basis points for the week. The yield on the UK's 10-year government bonds decreased by 3.0 basis points to 4.100%, accumulating a weekly decrease of 2.4 basis points.

The yield on 2-year UK bonds fell by 3.0 basis points to 3.918%, with an approximate weekly decrease of 9.6 basis points.

The yield on 30-year UK bonds decreased by 1.0 basis point, while that of 50-year UK bonds fell by 0.5 basis points.

The 2/10 year UK bond yield spread dropped by 0.127 basis points, standing at +17.876 basis points, with a cumulative weekly increase of 6.006 basis points.

On Friday, the yield on France's 10-year government bond decreased by 0.8 basis points, Italy's 10-year bond yield dropped by 1.4 basis points, Spain's fell by 1.0 basis point, and Greece's 10-year government bond yield declined by 0.9 basis points.