- 2-year Germany bond yields -20.5 bps to 2.495%
- 2-year France bond yields -20.3 bps to 2.607%
From what I can check, the plunge yesterday was the worst daily drop in 2-year Germany bond yields since 1995. And the short-end of the curve is surging again with yields tumbling as seen above. This matches up with a quick and sudden drop in 2-year Treasury yields earlier, from being up 16 bps at 4.19% before falling back to 3.99% now - down 4 bps on the day.
At the lows right at the open earlier, 2-year Germany bond yields looked to threaten a drop to its lowest levels since December last year:
