Bund up BIG...WHY??

[futures_shark]

Bund is up big, obviously more buyers than sellers but why?

The yield is crap at just over 3% and the currency is turning to shit as the EU is in "turmoil" over the constitution.

Maybe just because the US 10yr is up?
The us is bouncing up against the 4% level while the Bund is bouncing around the 3% level.

 

[just21]

Maybe the market thinks euro interest rates may decline as a result of the rejection of the eu constitution. Maybe if they cut rates, create some jobs and growth they can get the constitution though.