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..."
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Fascinating turnaround.