The long term picture for Bund
market is getting increasingly bearish
. Yesterday, Sentix reported that institutional investors's inflation
expectation is growing and now they expect much less monetary support from central banks. Their assessment of future of the EZ economy has also markedly improved. This doesn't bode well for Bund
market and the technical picture confirms this.
I expect much lower prices going forward and this will pave the way for a decent rally in EURO