Barclays ends short-bund recommendation
On October 19, analysts at Barclays recommended shorting German 10-year bunds. It was a bet that yields would rise on the ECB taper.
Instead, they fell to an 8-week low and today they quit the trade.
The recommendation was made at 0.39% but bund yields are trading at 0.338% today after a 0.25 bps fall.
The drop in 10-year yields corresponds with the recent dip in EUR/USD.