European & Russian Stocks Surge Despite Tumbling Bund Yields

Tyler Durden's picture

Russian stocks are now up 10 days in a row, having gained over 6% since the US unleashed Sanctions 3.0 on the 'increasingly isolated' nation. This performance handily beats Europe and the US as de-escalation hopes drive risk capital back into stocks anywhere and everywhere. However, if its all so shiny and bright in stock land, why are Bund yields (and thus all yields) plunging?

 

Bunds & European Stocks Up - sure why not?

 

Bonds & US Stocks Up - of course...

 

Costs...

 

Charts: Bloomberg

Bonus Chart: Reminder of last divergence around OPEX (last Friday)