Geopolitical risks in the Gaza strip, Iraq as well as ongoing instability in Ukraine, are fueling rallies in the U.S. Treasury and German government bonds.
Safe-haven bids saw the 10-year U.S. Treasury yield trade around 2.43 percent in early Asian trade Monday, down from around 2.63 percent in early July, while Germany's 10-year bond yield was around 1.054 percent late last week, down from around 1.265 percent in early July.
Meanwhile in Europe, investors have developed a remarkable enthusiasm for the peripheral European debt they once shunned. From Greece to Italy, yield-hungry investors are piling into euro zone bonds, pushing nominal yields lower.
In light of that, tell us which of these fixed-asset bubbles do you think is on the brink of bursting?