It may be the timing of your exercise.
Your exercise sounds as if it is aerobic so should cause glucose levels to fall but doing it after a 'fast' and without eating may be the problem.
Several things 'conspire' to make pre breakfast exercise more likely to raise levels.
a)When we get going in the morning glucose is released to provide the energy needed.
b) cortisol levels increase which in turn increases insulin resistance. Obviously this causes a problem for many people with type 2 who may already fairly insulin resistant.
c) those of us that use injected insulin may have insufficient insulin from the basal to deal with this extra glucose/extra insulin resistance. (and as you take yours in the morning it is probably running out anyway).
Most research shows that the best time for people with type 2 to exercise is after meals.
exercise after dinner
You're going to have to experiment to solve the problem. On basal/bolus insulin I used to eat something with some low gi carbs with a reduced insulin bolus, and then wait a while and then exercise, but you can't do that with mixed insulin and have to be careful of the timing of the insulin peak and exercise.
Sorry as I've never used this type of insulin I'm not sure of how near (in time) to injecting is a good time to exercise.