Time To Put On Your Flatteners?

Time To Put On Your Flatteners?

Ok, so this is worth noting. Recent richening in the German front end is alarming - and that's putting it mildly. While in the longer-run, ECB/Bundesbank QE is likely to drive Schatz yields lower, it's conceivable Draghi will try to contain this in the near-term. It's also looking likely that we could see some flattening via the long-end both at home and in overseas havens if Trump doesn't deliver tomorrow night and sparks a subsequent flight to safety. With that in mind, consider the follow
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