US 5y yield is up appr. 8 bps today to 1.16 %. US 2y is moving at same pace. Yet, this odd German 5y Yield is still stuck at - 57 bps??? How long will it take until market starts testing ECB? How long can the European Central Bank communicqate the "transitory" BS narrative? How long until everybody realises that inflation is not only a US phenomenon, but a global issue?
I do not see a major downside to sell the Bobl now at the weekly key level (wekly Senkou B), even though we don't have a clear yield reversal (sell) signal yet.
I do not see a major downside to sell the Bobl now at the weekly key level (wekly Senkou B), even though we don't have a clear yield reversal (sell) signal yet.