German 10-Year Bund Yield Falls on Trade Tensions

2026-02-23 09:01 By Joana Ferreira 1 min. read

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.

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, while 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.

Elsewhere, stronger-than-expected German business confidence supported sentiment.

Markets now await inflation data from Germany, France, and Spain later this week for insight into how a stronger euro could affect price pressures and the European Central Bank’s policy stance.



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