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..."