Core bonds were made to deal with a hard blow

At the beginning of the week yesterday, core bonds were dealt a shocking hit. In November PMI conducted an optimistic Asian trade session better than expected in China. The good mood has been further boosted by the final European PMI. In the end, however, the new SPD leadership chose (to be confirmed), Walter Borjans and Esken, rekindled German fiscal stimulus hopes on the road over the weekend.

President Trump, Brazilian President T....