GERMANY BONDS SOARED A RECORD HIGH

Yields on Germany’s two-year government bond soared a nine-month high ahead of the signing of the China-U.S. Phase 1 trade deal, the first staging post in ending a dispute that threatened the global growth and improved demand for safe assets bonds.

Stakeholders shifted their focus from the possibility of an imminent war in the Middle East after the United States forced new sanctions on Iranian officials and businesses.