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Express News | The Netherlands International: Japan and South Korea may negotiate on tariffs rather than taking retaliatory action.
Express News | Dutch International: Tariffs may force the European Central Bank to cut interest rates in April.
ING Groep Advances €2.0 Billion Share Buyback Program
ING GROEP (0RIC) Gets a Buy From UBS
The yield on Germany's 2-year government bonds has reached a three-month low due to concerns over tariffs.
European government bonds followed US government bonds higher, as concerns over US President Trump's tariff policy intensified with the approach of April 2. German government bond yields fell across the board by 4-5 basis points; US government bond yields fell by 5-7 basis points. The yield on the 2-year German government bond dropped by 4 basis points to 1.98%, the lowest level since December last year. Traders' bets on a rate cut by the European Central Bank have increased, expecting a cumulative cut of 64 basis points by the end of the year, with a 22 basis point cut anticipated in April. 'Concerns about tariffs are mainly reflected in the more dovish pricing of the European Central Bank,' said a senior interest rate strategist at ING Groep.
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