Germany’s 10-year Bund yield rose above 2.7%, hovering near its highest level in over three months, as investors continued to monitor trade developments and assess their potential inflationary impact. US President Donald Trump announced a 30% tariff on imports from the European Union, effective August 1st, although he later indicated a willingness to engage in negotiations. In response, the EU reaffirmed its commitment to reaching a trade agreement and announced it would delay retaliatory measures, extending the suspension of planned tariffs until early August to allow time for further dialogue. Meanwhile, inflation in both the US and UK accelerated in June, prompting markets to slightly scale back expectations for interest rate cuts by the Federal Reserve and the Bank of England. In the Eurozone, the European Central Bank is widely expected to keep rates on hold at its upcoming meeting next week, though markets still price in at least one rate cut before year-end.