Courtesy of ZeroHedge. View original post here.
Bunds are bid relative to Treasuries this morning following the Merkel headlines, pushing the US-German yield spread to the critical 200bps level…
Amid heavy volume selling in Treasury futures…
Which has pushed the US-German spread up to 200bps once again…
A key threshold since the election…
Is that cheap enough to buy, or a breakout?