Bund yields seen needing Middle East improvement to fall
Chief rates strategist Jussi Hiljanen at SEB said German 10-year Bund yields could return toward its sub-current target range if the Middle East situation improves enough for energy prices to decline.
0505 GMT - German 10-year Bund yields require a pronounced improvement in the Middle East, which could allow energy prices to decline, to return to SEB's target range below the current levels, chief rates strategist Jussi Hiljanen says in a note. "For the 10-year Bund to revert to our previous 3.10…