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Entire German Curve Goes Negative As Bond Yields Plunge On New Tariff Threat
Bonds hardly needed another excuse to rally.
If the market wasn't already concerned enough about the outlook for global growth, this week brought fresh evidence to support the contention that while the US economy is still on reasonably sound footing, the rest of the world continues to falter.
Manufacturing PMIs in major economies are mired in contraction and growth data out of the euro-area paints a disconcerting picture. Even in the US, there's evidence of trouble. The Chicago PMI printed a g
