eurobonds

[LONDON] US President Donald Trump’s toxic tariff war is not only threatening the global trading system, but also undermining trust in US government bonds and the dollar. That should alarm everyone, because the global financial system rests on the premise that US Treasury bonds are the safest assets. But investors’ desperate search for alternative safe assets has also given the European Union an unprecedented opportunity. In addition to satisfying growing investor demand, a large issuance of common EU bonds would strengthen Europe’s economy, security, and policymaking autonomy.

Germany’s 10-year bond yield, the euro area’s benchmark, falls 1.5 basis points to 2.56%

The final yields were significantly tighter than the guidance, suggesting there was plenty of demand from investors