NOTE**:I think that 2.88% rate might be wrong I just found a bloomberg article quoting 3.12% http://www.bloomberg.com/apps/news?pid=10000085&sid=azNi17hozkzA&refer=europe I'm begining to think the yield is irrelevant to a trading plan in the Bund. I thought that the bund rates and the US 10yr were pretty much locked up but the last three days the spread has widened to an alltime high as the bund rallied and the US has remained flat after the jobs number. I think I'll start sticking to my trading plan and ignoring the fundamentals.