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Squawk Box anchors discuss the warning signals in the bond market, as rates fall across the globe, with the yield on the 10-year treasury falling to a 19-month low. Stocks in Asia follow Wall Street lower amid fears the move in yields could be signalling an economic slowdown. Beijing hints it could withhold exports of rare earth minerals in its trade war with Washington but the U.S. Treasury stops just short of labelling China a currency manipulator despite voicing ‘significant concerns’ over certain practices. Also in China, telecoms giant Huawei’s chief legal officer tells CNBC that the U.S. move to blacklist the company is risky and has filed a motion to deem U.S. security law unconstitutional. And in Brussels, French President Emmanuel Macron and German Chancellor Angela Merkel find themselves at odds over who should become the next European Commission president as the bloc seeks to pick candidates for the top job by next month’s summit.