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.
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Now 2.04% and likely headed to 2.25%
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Now 2.3% and likely headed for 2.5%+ over coming weeks/month or two
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Bund yield now +50bps in the last 2 weeks to 2.40%. Just a short hop to 2.5% over next week or two.
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Bingo 2.5%. Next stop is 2.55%+ which would be 11 year highs......
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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%.