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UBS lowers its target for the 10-year German government bond yield.
Jin10 data reported on April 2, UBS global research analyst Reinout De Bock said in a report that, considering comprehensive risks, the yield on German government bonds is expected to decrease, especially if the tariffs imposed by the United States on EU imports exceed 10%. In light of this view, UBS has lowered its target interest rate on its 10-year German government bonds from 2.70% to 2.60%. In this trade, UBS also reduced its stop loss level from 3.05% to 2.80%. UBS went long on the 10-year German government bonds at a yield of 2.90% on March 14, believing that the tariff risk was underestimated.