NewsMV
Germany's 30-year government bond yield rose 3 basis points to 3.7924% in the session, its highest level since June 2011.
The long end of Germany's sovereign curve is now in focus at a level last reached more than fifteen years ago. The session's move is 3 basis points. The destination is where the story sits.
At 3.7924%, the German 30-year yield prints a genuine historical threshold, and June 2011 is the specific prior reference: more than fifteen years during which the long end of German paper did not trade at this level.
What to watch is whether 3.7924% holds as a new operating reference or the yield retraces in the sessions ahead. The June 2011 comparison now sits in the tape.
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