Germany's bund yields are suddenly surging
Apr 29, 2015, 21:01 IST
After plunging for weeks, German bund (bond) yields are surging again Wednesday.
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The yield on the country's 10 year bund - a common measure of how creditworthy a country is - has nearly doubled in just a few hours (from a very low level).
Here's how today's move looks:
There's no one catalyst for the move, but Bloomberg is pointing to comments bond market veterans Jeff Gundlach and Bill Gross suggesting that they're now shorting the bund.
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Yields are still way down on where they were even at the start of the year, but even over a longer timeframe the jump today is clear:
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