
How to Play Bunds
By Bilal Hafeez
(2 min read)
By Bilal Hafeez
(2 min read)
German 10y yields moved briefly into positive territory over the past week and have clearly stayed above -0.1%, which they struggled to do in 2021. After a 35bps jump since the mid-December low, the question now is whether there is more scope for rises. The one-month rise is amongst the highest in recent years (Chart 1). The bigger increases only occurred after crisis periods – COVID (April 2020) and Euro crisis (June 2015). This suggests near-term caution.
German 10y yields moved briefly into positive territory over the past week and have clearly stayed above -0.1%, which they struggled to do in 2021. After a 35bps jump since the mid-December low, the question now is whether there is more scope for rises. The one-month rise is amongst the highest in recent years (Chart 1). The bigger increases only occurred after crisis periods – COVID (April 2020) and Euro crisis (June 2015). This suggests near-term caution.
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