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johnconnor81
Apr 13, 2023 8:21 AM

German Bund 10y going towards 3% 

Germany 10 Year Government Bonds YieldTVC

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I think the current buoyancy on long duration eu core gov bonds is deceptive.

rates in europe are way to low due to current macro environment, inflation still high, prices of gas and oil sets for higher levels in coming months ECB still in hawkish mode.

rsi is also on the rise above its mean.

probably this development will require 2 steps for the yield to reach 3% level. first stop is 2.55% / 2.6% that is a strong resistance so, some form of consolidation, then a breakout to 3%
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