During this week, the German bonds were observed to rush forward whereas the Italian bonds have tumbled down for the 10th day while the Spanish benchmark rates have gained a hike of that can be considered as the highest levels.

While commenting on the existing market scenario, the Head of fixed-income strategy at Commerzbank AG in Frankfurt, Christoph Rieger, said that the response to the payroll data has reflected that presently the market is pricing in a feasible environment.

“There was a sharp reaction in bunds, risky assets are plunging. It’s a confluence of factors with the euro-region debt crisis also clearly responsible for the underlying bid in the bund market”, added Christoph Rieger.

Simultaneously, the German bond yields were observed to decline by 15 basis points on 2.01%, during this week, and grabbed the lowest position 1.996%. However, the 2.25% security was increased to 1.345 or 13.45 euros per 1,000-euro face amount to 102.170 and will mature in 2012.

Meanwhile, a fixed-income strategist at Credit Agricole SA in London, Orlando Green, has raised concern over economic outlook as well as about the unity of the European Union. Experts have claimed that Italy and Spain are facing a tough time as an attempt to secure funding for the next few months of current year.