YouGov has published its second major 'multilevel regression and post-stratification' (MRP) poll ahead of the 23 Feb federal election. The poll returned broadly similar support levels to the first MRP, with the conservative Christian Democratic Union (CDU/CSU) in first place, the far-right Alternative for Germany (AfD) in second, and Chancellor Olaf Scholz's centre-left Social Democrats (SPD) third. However, some new developments could have wide-ranging impacts on political stability post-election.
Chart 1. Lower and higher range of estimated national-level results, Seat Projections

Source: YouGov. Fieldwork 17 Jan-5 Feb, 9,322 respondents.
Find more articles and bullets on these widgets:
US President-elect Donald Trump delivered a wide-ranging press conference at his Mar-a-Lago resort in Florida on January 7, touching on various issues from energy to his foreign policy ambition of carving out a new US sphere of influence from Panama to Greenland.
Full article: Trump Press Conference Review
Elsewhere, a reminder that our latest positioning indicator update (published yesterday) pointed to long positioning in gilt futures. That could be adding further fuel to the sell off.
Further weakness in gilts accompanies pressure for GBP in FX trade, with the market in price discovery mode after finding fresh multi-decade highs in 30-Year yields and registering the highest level seen since ’23 in 10-year yields.