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                    "Home    Finance   Surge in bond yields is a result of \"Trump's war\", German minister says                 German Finance Minister Blames Trump\u2019s Iran Conflict for Surge in Bond Yields\nImpact of Iran Conflict on Global Bond Yields\nBy Maria Martinez\nFinance Minister\u2019s Statement\nBERLIN, Aug 24 (Reuters) - The recent surge in bond yields is a result of United States President \"Donald Trump's war in Iran\", German Finance Minister Lars Klingbeil said on Monday at a press conference in Schaan, Liechtenstein.\u00a0\n\"The rise in interest rates in recent days and weeks is the result of global uncertainty triggered by Donald Trump's war in Iran,\" he said speaking alongside the finance ministers of other German-speaking countries.\u00a0\u00a0\nGerman Bond Market Reaction\nGermany's 30-year government bond yield hit its highest since 2011 at 3.79% last week, with inflation fears tied to the Iran war adding to the selloff in bonds.\u00a0\nGermany, the euro zone's benchmark issuer, sold a bond at that maturity a day earlier with the highest yield in 15 years.\nU.S. Policy and Ongoing Tensions\nWashington was set to warn countries to cut ties with Iran or risk their businesses being cut off from the dollar-based financial system, a source told Reuters on Monday.\nThe U.S. and Iran have not conducted air strikes on each other's militaries for weeks, but their last official face-to-face talks to end the six-month-old conflict took place in June and strikes on vessels in the Strait of Hormuz have continued.\nReporting Credits\n(Reporting by Maria MartinezEditing by Ludwig Burger)      \nKey Takeaways\n  German 30\u2011year bond yield hit 3.79% \u2014 highest since 2011 \u2014 driven by inflation fears and record debt issuance amid Iran war tensions (ca.finance.yahoo.com)Finance Minister Lars Klingbeil attributed the bond selloff to global uncertainty from President Trump\u2019s military\u2011economic campaign against Iran (bundesfinanzministerium.de)U.S. is set to expand secondary sanctions in an \u201ceconomic D\u2011Day\u201d to pressure countries into severing ties with Iran or risk losing access to the dollar\u2011based financial system (investing.com)     References     Frequently Asked Questions   Why have bond yields surged recently?  Bond yields have surged due to global uncertainty triggered by Donald Trump's war in Iran, according to Germany's finance minister.   What is the highest yield recently reached by Germany's 30-year bond?  Germany's 30-year government bond yield hit 3.79%, the highest since 2011.   How has the Iran conflict affected financial markets?  The Iran conflict has increased global uncertainty and inflation fears, leading to a selloff in bonds and higher yields.   What warning is Washington set to issue regarding Iran?  Washington is set to warn countries to cut ties with Iran or risk losing access to the dollar-based financial system.       Tags    Finance    Banking    Markets      Previous Finance PostNorway will drill in Arctic regardless of EU's position, says energy ministerNext Finance PostTotalEnergies eyes\u00a0new exploration in Norway, CEO says  Related Articles  More from Finance\nExplore more articles in the Finance \ncategory"
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