German Bond Yields Spike As Investors 'Flee' To Safety Of Most Systemically Dangerous Bank In The World
With US Treasury markets closed, all eyes are on Bunds which are pushing on further above the cruclal 0.00% they broke Friday. Touching 5bps (yield) today, 10Y yields are nearing the upper bound of their post-Brexit range… as Deutsche Bank is bid.
Despite the un-taper announcements, Bunds are being dumped…
And it appears – as we noted earlier – that allowing the most systemically dangerous bank in the world to cheat on stress tests signals a TBTF buying opportunity…
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