Hello from #Germany, where bond vigilantes are whispering, not shouting: 10y real yields are pushing toward a 6mth high at 1.08% as Berlin borrows more, while CDS show no alarm: Germany ~7bps vs France ~31bps. Merz says AAA is safe, but he'd “slam on the brakes” if it wasn't. https://t.co/muHTaeeRUM
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