Euro zone bond yields rose on Monday as markets focused on developments around U.S. tariffs, with officials flagging a delay to a July 9 deadline, although specifics on the changes remained murky.
U.S. Treasury Secretary Scott Bessent said the United States will make several announcements on trade in the next 48 hours, as the 90-day tariff pause comes to an end.
His comments echoed those of President Donald Trump, who said the U.S. was close to finalising trade deals and would notify other countries of higher tariff rates by July 9.
“Today is all about what Trump does in terms of his tariffs,” said Mohit Kumar, chief financial economist for Europe at Jefferies.
“Where euro zone markets are concerned, the key question is: is Europe going to be part of that list or not?,” said Kumar, whose base case is that the region will not feature, though he thinks Japan might be included.
Germany’s benchmark 10-year Bund yield (DE10YT=RR)…
