Euro zone bond yields rose on Monday as markets remained focused on developments around U.S. tariffs, with officials flagging a delay to a July 9 deadline, while specifics on the changes remained murky.
Germany’s benchmark 10-year Bund yields (DE10YT=RR) increased 2 bps to 2.583%, largely in line with moves in 10-year Treasuries which were last at 4.3556% US10Y.
“Today is all about what Trump does in terms of his tariffs,” said Mohit Kumar, chief financial economist for Europe at Jefferies, who said markets were in a holding pattern until it became clear which countries might face higher tariffs.
President Donald Trump said on Sunday the United States was close to finalising several trade agreements in the coming days and would notify other countries of higher tariff rates by July 9, with the higher rates to take effect on August 1.
“Where euro zone markets are concerned, the key question is: is Europe going to be…
