No headlines, no catalyst, just the close of the European trading session… and US equities tumble…
Did The Fed drop the buying-baton from The ECB?
It seems The ECB was overwhelmed in its own markets.
Italian 2Y Yields exploded higher (biggest single-day spike in 2Y Yield since Oct 2014)…
Italy’s short-term risk premium to Germany is now at 90bps – almost four times its recent norms.
via RSS https://ift.tt/2kc9vg0 Tyler Durden