Major: Bund Market Following US Treasuries

The transcript discusses the bond market's reaction to interest rate changes, highlighting the hawkish tone and the impact of recent rate hikes. It explores the dynamics of treasury yields, market expectations for future rate cuts, and the potential for a shift in direction. The conversation also touches on market biases, the risks of reaching a 6% policy rate, and the implications of global yield comparisons, particularly between US and European markets.

Discuss the potential outcomes of the Fed's policy decisions as mentioned in the text.

What biases does the speaker mention, and how do they affect market perceptions?

How does the speaker view the relationship between US and European yields?