German Bund yields hovered near their lowest levels amid concerns about U.S. tariffs. President Trump announced potential tariffs on steel and aluminum, raising deflationary risks in the euro area.
The acting director is closing the financial regulator’s headquarters and has ordered staff to halt all supervisory efforts.
Treasury-Bund yield differential was 212bp, and a widening towards 220bp would prompt Jefferies to initiate a short position in Bunds versus Treasurys.
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