According to CoinMeta, the yield on German two-year government bonds fell by more than 4 basis points. At the end of trading on Wednesday in Europe, the yield on German 10-year government bonds dropped by 0.3 basis points to 3.475%, trading within the range of 3.528%-3.472% during the day, and reached a new daily high at 21:28 Beijing time. The yield on two-year German bonds fell by 4.4 basis points to 3.069%, trading within the range of 3.142%-3.046% during the day. European stocks started slightly higher but then continued to decline, while U.S. stocks hit a new daily low at the beginning of trading. The yield on 30-year German bonds rose by 0.6 basis points to 3.851%, reaching a new daily high at 21:13 during a period of fluctuating gains before then continuing to give back some of those gains. The yield spread between 10-year and 30-year German bonds widened by 3.819 basis points to +40.155 basis points.