Germany’s 10-year Bund yield slipped to 2.73%, its lowest level since late November, as renewed uncertainty over US trade policy fueled demand for safe-haven debt. Over the weekend, US President Donald Trump said he would raise a temporary tariff on imports from 10% to 15%, after the Supreme Court blocked his broader tariff measures on Friday. Meanwhile, 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 plans. The rapidly evolving situation prompted a senior lawmaker to urge the European Parliament to postpone a vote on legislation implementing the EU’s side of the deal. Markets are now turning to upcoming inflation data from Germany, France and Spain for further clues on how euro strength may influence price pressures and the policy outlook for the European Central Bank.
