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German Bond Yields Spike As Investors ‘Flee’ To Safety Of Most Systemically Dangerous Bank In The World
Monday, October 10, 2016 6:45
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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…
Charts: Bloomberg
Source: http://silveristhenew.com/2016/10/10/german-bond-yields-spike-as-investors-flee-to-safety-of-most-systemically-dangerous-bank-in-the-world/
