Thread by @MacroTechnicals

interesting and rare divergence currently between apparently rebounding inflation expectations and bond price action (yields -0.39%) in Germany 🧐

if it’s too obvious, then it’s obviously right. or is it ?

#FGBL_F #BUNDs

personally, I think infl exp will come down again, given the 💩 state of global, EU and German growth expectations: ESI and PMI...

but Bunds are not on a one way street either... temporary rich

US not as diverged as Germany, but I read them both as a possible further consolidation in TNotes and Bunds.

yet, the market doesn’t give a 💩 about “opinions”