Here’s a reality check on Europe’s markets:Splitting YieldsThe clearest way to see the US and European divergence is via the bond market.
Treasuries are pricing in faster economic growth, while German bonds reflect demand for the safest debt and heavy central bank support -- causing the yield gap to widen to 200 basis points.“It reflects the abject failure on part of the EU and remarkable determination on part of the US," said Rishi Mishra, an analyst at Futures First.