Bond yields are spreading globally following last Wednesday’s tariff announcement by US Donald Trump Any safe haven As Stock market plummeted.

Germany’s profits 10 years of layman – Eurozone benchmark, down from 2.72% on Wednesday to 2.58% on Monday afternoon. The yield last month was higher than 2.9% because the market was Fiscal expenditure carnival Among the largest economies in Europe. The yield shifts in the opposite direction to the price, with lower yields indicating greater demand for government debt.

“The Bund rally is abandoning tightening of financial conditions across the region,” Rabobank analysts said on Monday.

They added: “If Trump wants to reverse the process in terms of last week’s announcement, this may cause current market panic measures, but it is impossible to prevent a slowdown. This is because such a move can only emphasize the unpredictability of the current policy environment, which itself is a bias towards the negativeness and risk of confidence and risk.”

USA, 2 years of fiscal revenue Its level has dropped to its lowest level since September 2022, with the last drop to 3.58%. one Sharp drop exist 10-year rate of return Slowed Monday, almost steady, but still below the 4% mark, the trademark was last traded in October 2024.

In Asia, government borrowing costs have also fallen. Japanese 10-year bond yield According to economists at Deutsche Bank, the biggest weekly decline since Monday’s three-month low, but economists at Deutsche Bank said.

Investors are analyzing extreme and unpredictable tariff policies, whether this will lead to Global growth slows, US economic recessionor changes in central bank policy paths.

“As investors seek shelter amid the tariff storm, huge cash flights continue,” Susannah Streeter, head of currency and markets at Hargreaves Lansdown, said on Monday.

“Banks are seen as barometers of economic health, and the red lights flash with an imminent global recession given the huge losses. These warnings are also emerging in the bond market. The yields of falling debt indicate an increasing chance of recession.”

George Lagarias, chief economist at Forvis Mazars, said bonds remain a safe haven, and the volatility of the “overbought global stock market” was sold out.

“Bonds have been in a very bad bear market since 2021, and it’s a certain time for them to rallies right,” he told CNBC over the phone.

He added that despite this, there are several reasons why bond rally may not prove sustainable.

“One of them is that if things stabilize, there is no need to run towards safety. Events are very news-driven now and there may be changes within a week. Inflation is still there, and it’s still a problem, then, if you want to stay in touch for a long time Fear of inflation In the United States? ” Lagarias said.

“The other is banks, if they relieve the pressure on their balance sheet and take advantage of bond rallies, set bonds apart from “mature to maturity.”

Finally, he said: “We can also see central banks confirm their presence, raise. They can verbally extend their credit lines, buy bonds, lower interest rates or say they will. If you are riding the bond market, you need to be aware of these catalysts.”