„Further upward pressure is to be expected in the future (…)” - You are no longer in the range-bound camp, ergo Bunds attractive north of 3.1 and USTs north of 4.6?
I remain in the range bound camp for rates, what I mean here It is that the forces that led to the retest of the upper reaches of the range will continue to apply pressure in the coming days.
„Further upward pressure is to be expected in the future (…)” - You are no longer in the range-bound camp, ergo Bunds attractive north of 3.1 and USTs north of 4.6?
I remain in the range bound camp for rates, what I mean here It is that the forces that led to the retest of the upper reaches of the range will continue to apply pressure in the coming days.
Thank you for your clarification! Totally make sense.