US-German Bond Spread Surges To Highest Since 1999
The spread between German and US sovereign bond yields is the widest since the start of the EU in 1999...
But EUR/USD appears to have decoupled (just as it did in 2009 and 2013)...
So which market is 'wrong' - Bonds signaling EUR/USD below par... or FX markets signaling a Bund crash is imminent?
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