The global bond market rally accelerates. Squawk Box anchors discuss the moves in fixed income markets. The U.S. ten-year yield hits a 32-month low while euro zone bond rates fall to fresh record lows, amid expectations that ECB President nominee Christine Lagarde will maintain the central bank’s dovish stance. White House economics advisor Larry Kudlow has signalled that U.S.-China talks will resume ‘soon’ in a bid to resolve trade tensions. Washington prepares for a lavish multimillion-dollar military celebration to mark the 4th of July. The cost of restructuring Deutsche Bank could reportedly amount to €5 billion. And in Brussels, the European Union Commission has called off threats of disciplinary action against Rome after the Italian government took measures to trim its public debt.

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