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The German 2-10Y spread has broken to...>

BUNDS/CURVE
BUNDS/CURVE: The German 2-10Y spread has broken to its steepest level since 2014
as a result of the 1.8bp steepening seen so far today. The spread is currently
133.7bp. Most of the recent steepening has been in the 2-5Y spread. In December,
this was trading at around 37bp but is now 67bp. This spread is often seen as a
measure of monetary policy appropriateness. The curve is steep, when monpol is
getting too loose and a period of catch up will be needed and vice versa.

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