A “Tantrum” By Any Other Name…

A “Tantrum” By Any Other Name…

More than a few commentators have drawn comparisons between this week's near doubling of bund yields and the (in)famous bund tantrum of 2015. To be sure, the move is notable - although a few traders seem intent on dismissing it as more "one small step for bunds" and less "one giant leap for DM yields kind": So argue as you will about the implications and about the extent to which positioning and technical factors will or won't exacerbate things, but the simple math suggests the move we've se
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