German Bunds are turning bullish. Evidence points to a top in Bund yields. A break of the 200d and the May-08 low (60bps & 51.9bps, respectively) confirm the turn.The corrective narrowing in the US-GER 10yr spread is nearing its end. Get ready for resumption of the long-term widening trend – says BofA Merrill LynchGet bullish on Italian BTPs, but don’t get bearish on EUR/USD. Its corrective advance has more room to run – suggests BofA Merrill Lynch
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