It is already in short zone but the climax under way could bring the BUND north of 156.
This would represent rates of 50bp on the 10year government bond.
Even in Japan, such rates did not last long on first touch 1998/2002
+ Next month will be the 13th month down. A great time metric for reversal.
In essence if Bund reaches 156ish, it is one of the best in class trade as a short for a few weeks at least... and the rise in rates could be violent.