We believe that the past 5 days sell off in US and European 10-year Treasuries is overdone, and that current market prices constitute a clear “buy” signal. We are advising for investors to step up investments into 10-year US and European bonds, which sold off excessively in the past week, on nothing but a bit of improving, but still mixed, and not sustainable macro data from Europe and the US in the past three days.
