France’s 10-year OAT yield fell below 3.3%, its lowest level since early August, as renewed uncertainty over US trade policy drove demand for safe-haven debt. Over the weekend, US President Donald Trump announced plans to raise a temporary import tariff from 10% to 15%, following a Supreme Court ruling that blocked his broader tariff measures. EU Trade Commissioner Maroš Šefcovic held talks with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick as Brussels seeks clarity on Washington’s intentions, while a senior EU lawmaker called on the European Parliament to delay a vote on legislation implementing the bloc’s side of the trade deal. Markets now turn to upcoming inflation data from Germany, France, and Spain for guidance on how euro strength could influence price pressures and the European Central Bank’s policy outlook.
