Been calling this the last few days. German Bund yields beginning to break back higher again. Inflation NOT transitory. ECB next week. Could be headed back above 2% soon.
Comment:
Now 2.04% and likely headed to 2.25%
Comment:
Now 2.3% and likely headed for 2.5%+ over coming weeks/month or two
Comment:
Bund yield now +50bps in the last 2 weeks to 2.40%. Just a short hop to 2.5% over next week or two.
Comment:
Bingo 2.5%. Next stop is 2.55%+ which would be 11 year highs......
Comment:
Been posting about the generational bull market in inflation and yields since the 2020 lows. Will take many years to play out. 10yr Bund yields now near to 2.7%.