Gavekal Capital: Bund-Treasury Spread Continues to Widen

Tuesday, June 24, 2014

Bund-Treasury Spread Continues to Widen

The difference in yield on 10-year U.S. treasuries (grey line) compared to German bunds (blue line) has surpassed recent extremes of 2005/2006 and now exceeds more than 130 bps-- a level not seen since 1999, the year the euro was born.

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