German government bond yields hit highest since mid-April on trade hopes

May 9 (Reuters) – Safe-haven German Bund prices fell on Friday, driving yields higher, as expectations that the trade deal between the U.S. and UK could pave the way for similar tariff agreements boosted appetite for riskier assets.

Trump said he expected substantive negotiations with China this weekend and predicted that U.S. tariffs on Beijing of 145% would come down.

Germany’s 10-year yield DE10YT=RR, the euro area’s benchmark, rose 4 basis points (bps) to 2.56%, its highest since April 14.

(Reporting by Stefano Rebaudo, editing by Amanda Cooper)

((stefano.rebaudo@tr.com))