As the Fed ra ses rates the y eld on the US 10 year w ll r se and so w ll the German Bund. But by how much exactly?
I tend to th nk the ECB w ll move faster than expected when t beg ns to re-or ent ts assets and ts pol cy rate. One year hence, we m ght w tness closer EUR-USD par ty. Although there s often – not always – a strong correlat on between the USD and TL rates, the movement of the spread s not monoton c.