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German Finance Chief Says Trump Is to Blame for Surging Yields

Bloomberg Markets Monday 24 August 2026, 15:38 UTC By Bastian Benrath-Wright 1 min read
Key Points

Bonds German Finance Chief Says Trump Is to Blame for Surging Yields Germany’s finance minister said President Donald Trump’s war in Iran, which has thrown global energy supplies off balance, was responsible for a surge in bond yields across world markets. Lars Klingbeil, the vice chancellor under Friedrich Merz and a co-leader of Germany’s Social Democrats, said rising yields have added to economic hardship in Europe, which includes higher gas prices. He laid the blame squarely with the...

Bonds German Finance Chief Says Trump Is to Blame for Surging Yields Germany’s finance minister said President Donald Trump’s war in Iran, which has thrown global energy supplies off balance, was responsible for a surge in bond yields across world markets. Lars Klingbeil, the vice chancellor under Friedrich Merz and a co-leader of Germany’s Social Democrats, said rising yields have added to economic hardship in Europe, which includes higher gas prices. He laid the blame squarely with the White House.
German (ORG) Trump (PERSON) Germany (LOCATION) Donald Trump (PERSON) Iran (LOCATION) Lars Klingbeil (PERSON) Friedrich Merz (PERSON) Social Democrats (ORG) Europe (LOCATION) the White House (ORG)
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