Can Someone Please Explain This Schatz?!

Earlier this morning, I noted that the March (get it?) higher in US 2Y yields looks pretty amusing if you plot it against near record low German 2Y yields. Indeed, as noted here on numerous occasions, there's a push-pull dynamic between the US and Germany when it comes to global rates. Have a look: (Goldman) Of course Schatz yields have blown out since hitting record lows late last week. Indeed, between hawkish Fed commentary, what counts as "upbeat" Trump messaging, and, importantly, risi