Before the pound got pounded, Germany's bond market had sent the world a historic warning.
Eurodollar University - En podcast av Jeff Snider
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The German bond market is normally really stable, boring. That's why the German curve had only inverted just once, back in June 2008. Until last week, that is. This time, an unprecedented distortion between the 10-year and 30-year bunds which blew out even more today, along with Britain's poor pound. Severe eurodollar strain, meaning this isn't just Germany or the UK's problem. Eurodollar University's Money & Macro Analysis
