Draghi Shoots A Dud – Euro, Bunds Reverse All ECB Moves
For a few brief minutes it was all going Draghi’s way.
Unleashing lower rates and QE4EVA sparked buying of bunds and selling of the Euro – mission accomplished.
But then the market decided to steal the jam out of Mario’s farewell performance and reverse those moves entirely…
The euro is suddenly surging…
Source: Bloomberg
And 10Y Bund yields are soaring…
Source: Bloomberg
“…you’re gonna need a bigger boat…”
Tyler Durden
Thu, 09/12/2019 – 09:52
via ZeroHedge News https://ift.tt/2ZPBWaO Tyler Durden