Draghi Shoots A Dud – Euro, Bunds Reverse All ECB Moves

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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…

Draghi Shoots A Dud - Euro, Bunds Reverse All ECB Moves

Source: Bloomberg

And 10Y Bund yields are soaring…

Draghi Shoots A Dud - Euro, Bunds Reverse All ECB Moves

Source: Bloomberg

“…you’re gonna need a bigger boat…”


Tyler Durden

Thu, 09/12/2019 – 09:52

Draghi Shoots A Dud - Euro, Bunds Reverse All ECB Moves