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The yield on German 2-year bonds reached 3% for the first time since 2008!
While yesterday the Eurozone core CPI reached a new record of 5.3%, the German 2-year bond yield reached 3% for the first time since 2008! The ECB still has a lot of work (more than currently expected?) to do in tightening monetary policy to curb inflation, especially considering the minor impact (for now) of the Fed's monetary policy tightening on US inflation and the economy. Source: Bloomberg
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