Good Morning from #Germany where bond mkt mercilessly tracks vaccination progress. US/German 10y yie

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Good Morning from #Germany where bond mkt mercilessly tracks vaccination progress. US/German 10y yield spread jumped to 1y high of 170bps as reflation trade more pronounced in US than in Europe given different vaccination progress. Only 4% had been vaccinated in Ger vs 13% in US. h/t Holger Zschaepitz

Good Morning from #Germany where bond mkt mercilessly tracks vaccination progress. US/German 10y yie

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