Reports of the death of the global bond bull market have been greatly exaggerated. Much to the chagrin of all the "told-you-so" tale-tellers on business-media this week, US Treasuries have been in great demand the last 2 days and all bonds 10Y maturity and below are now lower in yield on the week (with 30Y up a mere 4bps). Treasuries are now notably outperforming Bunds on the week.
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With US Treasuries notably outperforming Bunds on the week...
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Charts: Bloomberg
