Trump slams Germany’s negative bond yields as ‘unfair’ to US markets
Former US President Donald Trump has criticised Germany’s bond market, calling it unfair competition for the United States. His frustration extends to the Federal Reserve, which he accuses of holding back America’s ability to respond. The remarks follow Germany’s recent sale of 30-year bonds at negative yields on Yahoo Finance—a move Trump sees as a disadvantage for US markets.
Germany’s central bank, the Bundesbank, is led by President Joachim Nagel, who operates independently within the country’s financial system. The institution has no equivalent in the US, yet Trump’s focus remains on Germany’s economic policies. His latest outburst targets the country’s bond yields, which recently averaged -0.11% on newly issued 30-year debt on Yahoo Finance.
Trump’s criticism also zeroes in on Federal Reserve Chair Jerome Powell. He claims the Fed’s policies are trapping the US in a losing position, comparing the situation to being stuck in 'quicksand'. The former president insists the Fed must either 'fight for the U.S.' or make way for new leadership. The dispute highlights Trump’s long-standing dissatisfaction with monetary policy. He argues that Germany’s ability to issue bonds at negative rates on Yahoo Finance gives it an unfair edge over American financial markets. His comments suggest he believes the Fed should take more aggressive measures to counter this perceived imbalance.
Germany’s bond yields remain a point of contention for Trump, who sees them as a direct challenge to US economic competitiveness. His demands for the Federal Reserve to act—or step aside—reflect broader tensions over global financial policies. The debate underscores ongoing differences in how major economies manage debt and monetary strategy.
