G10 FX Weekly: Short-End German and US Yields Look Attractive Again
- By Richard Jones
- 5 min read
Summary
- The European Central Bank (ECB) and US Federal Reserve (Fed) are near the end of their tightening cycles, having raised rates materially in the past year or so.
- German and US bond yields have been extremely volatile so far this year, falling sharply during the banking crisis in March then rising as risk sentiment recovered.
- Short-end yields are not back to their year-to-date (YTD) peaks, but current levels are elevated enough to appeal to bond market participants.
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