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When investors look for forward guidance on global interest rate trends, the U.S. Treasury ((UST)) market is typically viewed as the bellwether arena. While we certainly agree with this premise, every once in a while, Treasury yields can take their cue from an overseas sovereign debt, such as German bunds. Based on recent trends in the bund market, I got to wondering, could the "tail wag the dog" in the months ahead?
While there haven't been any fireworks thus far to begin the new year, both the UST and bund markets have