之前我有考虑过是不是有跑马游戏，16年末-17年下半段，就是典型的跑马游戏，但是经过一段时间的观察和推演，特别是德国经济数据转坏过后，我确认没有跑马游戏，或者说跑马游戏并没有形成，一度拉高的美债收益率可能形成典型的Carrytrading的交易，进一步压制欧元汇率。
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