BUNDS: The German curve is bear flatter - 5s/10s is testing the low

Some slight divergence in the Curves: * Germany is mostly Bear Flatter. * US is Bull Flatter. The German 5/10 hovers just above Yesterday's low of 15.174, its flattest level since July. We have highlighted some notable flow in the Bobl via futures and Option in early trade. (Chart source: MNI/Bloomberg Finance LP).