Germany Enters Correction; EMs In Longest Losing Streak Since 1990 Routed By Turkey, Obama Turmoils Dollar

The bond market also felt the heat last week with 10 year bunds seeing an range of 52bps but closing 15bp off the wides for the week as the sell-off baton passed to US Treasuries after a strong payroll number (280k vs 226k expected) on Friday.