According to a money manager at the firm, Charles Diebel, as he spoke to Bloomberg TV
Diebel says that "the number one victim is going to be the euro" in the event that the SPD votes against a coalition deal when the results are announced on 4 March.
He says that "it's not something that endangers the euro itself but it would be a catalyst, particularly given the positioning in the market, which is long euros, to take profit".
It's going to be crunch time in European politics this weekend, as we also have the Italian elections falling on the same day as well. Yesterday, Italy 10-year bonds rallied to almost two-week highs, as the market looks to position itself ahead of the risk events to come later this week.
