Just noticed German govt bond yields making moves today. The 2-year is up around 2.5 basis points, sitting at 2.544%, while the longer end saw the 30-year rise about 1.9 basis points to 3.6%. Pretty steady trading range throughout the session on the 2-year side, bouncing between 2.511% and 2.551%. What caught my eye though is the yield curve action - the spread between 2-year and 10-year bonds widened to roughly 49.65 basis points, up nearly 1.8 from before. Looks like we're seeing some classic steepening in the German govt bond yield structure. The W-shaped pattern on the shorter end suggests some back-and-forth positioning, but overall the trend is pointing toward higher yields across the board. Worth keeping tabs on as this could signal shifting expectations around rates.