Eurozone flight to safety? Escape from QE2-reflation? However you explain the German yield curve on Tuesday – the 10-year-30-year portion has now flattened to late-2008 levels (chart via Bloomberg):
Pfannkuchen, quite.
Related links:
Those bund-lengthening pension funds – FT Alphaville
Bond switching in the eurozone – FT Alphaville
Bunds are the new Treasuries, when they want to be – FT Alphaville