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German Bund yield at record low as Trump's Mexico tariff vow rattles markets
Germany’s 10-year bond yield slid to record lows on Friday, after U.S. President Donald Trump’s sudden threat to impose tariffs on Mexican goods sent shock waves through world markets and heightened fears of a global recession. Seen as unthinkable even a few weeks ago, the relentless fall in yields in what is seen as one of the world’s safest assets — German government debt — speaks to the scale of pessimism gripping investors. “The Trump Mexico tariffs surprised me and more so than the escalation in the trade war with China,” said Nordea chief market strategist Jan von Gerich. “This news is negative ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...