take out the extremes of the rise in real rates

English to German Bus/Financial Investment / Securities Fondskommentar Anleihen

With inflation expectations continuing to drift lower real yields are remaining high and probably need to move lower, which is why the market has been getting increasingly excited about the prospects for rate cuts in 2024. In Europe this does seem a real possibility, even if the rate cuts priced in seem to be aggressive. None the less the prospect and potential eventuality of rate cuts, even if they are only to ***take out the extremes of the rise in real rates***, will further embolden the bond bulls.

Wie versteht ihr das?