Federal Reserve Chairman Powell says US trade tensions have contributed to manufacturing recession this year.
The Fed does not yet see trade tensions spilling over into the broader economy.
The Economic effects of tariffs are not currently that large in the contect of the whole US economy.
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Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.