13:05:36 (UTC) Tue Jul 28, 2020
The positional strength in Bunds was just too strong to contain, the rest is obvious. Now play the topside, retraces into buyers jurisdictions at -0.35 and -0.50 will attract a lot of selling interest in bunds (hence pushing yields up) and triggering the capitulation. We are still set for an emphasis of consolidation across Global Equities, this is still all...
US 2y yield (blue line) vs GER 2y yield (red line)...The spread is immensely wide as the FED has been in a hiking phase wile the ECB still continues to apply a "whatever-it-takes policy". Eventually the ECB policy will have to roll back and front-end yields will react by backing up. I believe the German 2y yield will eventually move higher and lead the...