European financial markets are witnessing increased investor interest in German Bunds and the euro, driven by concerns over the United States' economic policies. The yield gap between 10-year US Treasuries and German Bunds has widened to 1.95 percentage points, the largest since February, indicating a shift of capital from the US to Europe. Germany is increasingly regarded as a safe haven amid uncertainty surrounding US monetary policy, particularly due to former President Donald Trump's confrontational approach toward the Federal Reserve. This dynamic has led to a rise in short-dated German bonds and strengthened the euro's status as a refuge currency in global markets.