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Draghi's "Expect More Volatility" Comments Spark Turmoil Across Markets

Tyler Durden's picture




 

Bond yields are surging higher (in UST and Bunds) and stocks fading as Draghi offered a mere glimpse at more pre-commitments but warned:

*DRAGHI: MARKETS MUST GET USED TO PERIODS OF HIGHER VOLATILITY

10Y Bunds just hit 80bps, up another 9 bps today for a 2-day spike of a stunning 35bps! 

Not what the market weanted to hear...

 

And Bunds are collapsing...

Yesterday, we noted...

Today it appears not.

 

 

Charts: Bloomberg

 

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Wed, 06/03/2015 - 09:34 | 6158761 This is it
This is it's picture

He must be a genius.

Draghi aka Mr Obvious.

Wed, 06/03/2015 - 09:45 | 6158814 Groundhog Day
Groundhog Day's picture

if you liked to short the bunds @ 8 basis points you'll love to short them @ .80 basis points

 

Bill Gross

Wed, 06/03/2015 - 10:24 | 6158934 NoDebt
NoDebt's picture

So, did Bill Gross FINALLY make money on this?  Not sure that guy knows how any more.  

Wed, 06/03/2015 - 09:36 | 6158772 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Good move... spooking the market and buying cheaper. Behaving like a true money manager now. Did he make this proclamation on CNBC..?

Wed, 06/03/2015 - 09:37 | 6158775 101 years and c...
101 years and counting's picture

a few months ago, yahoo f said a 10y german bund at 1.4% would mean armageddon. we are now more than 1/2 way there.

Wed, 06/03/2015 - 09:37 | 6158776 XAU XAG
XAU XAG's picture

 

 

MOAR VOLATILITY

 

Call that volatility........................ain't seen nothing yet

 

https://www.youtube.com/watch?v=cFRk0FfaQi0

Wed, 06/03/2015 - 11:34 | 6159189 justinius1969
justinius1969's picture

+1 my old freiend.

Tip of the proverbal iceberg..

 

Hardly any old heads left in what was once known as a market..

when this really kicks off, probably sep/oct.. Cunts will be bolting for the exit.. 

Wed, 06/03/2015 - 09:37 | 6158782 madbraz
madbraz's picture

draghi:  "bunds and treasuries should expect volatility, stocks not at all - that is what my bankster friends asked me for exactly at the time to rollover their leveraged bets in june futures/off-balance sheet derivatives"

 

this guy makes FIFA seem like a choir.

Wed, 06/03/2015 - 09:40 | 6158787 q99x2
q99x2's picture

The divergence between the Trannies and the Krugmans predict a lower market for Bernankes

Wed, 06/03/2015 - 09:41 | 6158797 Yen Cross
Yen Cross's picture

   lol Draghi is spooking the bond market so the ECB can go full retard on a bond buying binge.

Wed, 06/03/2015 - 09:44 | 6158808 Ghordius
Ghordius's picture

or just making a lot of speculators rub their hands. how did Tyler put it: the VIX looks "happy"?

Wed, 06/03/2015 - 09:54 | 6158842 Soul Glow
Soul Glow's picture

The VIX is getting a hand job with its eyes closed.  When it realizes it's Janet Yellen it will be horrified.

Wed, 06/03/2015 - 09:45 | 6158815 Soul Glow
Soul Glow's picture

Draghi will own all the bunds in the world!  MUAHAHAHAHAHA!

Wed, 06/03/2015 - 09:49 | 6158828 desirdavenir
desirdavenir's picture

well, I don't mind if some hedge funds bought bunds at 5bps and sell to the ECB at 80 bps. For all I care, I would even prefer to have bunds at 5%. Anyone knows what the net issuance of bunds by Germany will be this year, btw ?

Also, though I'm french, I also wouldn't mind higher interest rates on french debt. This is the way a government normally gets the clue that it really has to reform instead of patching the economy (in the case of this socialist government, economy means the large corporations...) with more debt.

Wed, 06/03/2015 - 09:43 | 6158803 Soul Glow
Soul Glow's picture

Moar QE!!!!!!!!!!!!!

:)

Wed, 06/03/2015 - 09:49 | 6158811 ebworthen
ebworthen's picture

Greece will default and leave the EU.

Ukraine will be divided into East/West.

Mario Draghi and his fellow bankster parasites will continue to draw fat paychecks for lying.

Oh yeah, unrest in the Middle East and death and taxes too.

https://www.youtube.com/watch?v=htgr3pvBr-I

Wed, 06/03/2015 - 09:46 | 6158819 Seasmoke
Seasmoke's picture

Is it June 5th yet ??

Wed, 06/03/2015 - 09:54 | 6158844 youngman
youngman's picture

This to me means that Greece is toast....no more can kicking....

Wed, 06/03/2015 - 09:56 | 6158849 surfvin
surfvin's picture

Expect air pockets the likes of which you've never seen before! White knuckle heart in your esophagus type air pockets!

Wed, 06/03/2015 - 10:08 | 6158881 Hazlitt
Hazlitt's picture

Draghi to Greenspan: I can invoke irrational exuberance better than you can!

Wed, 06/03/2015 - 10:23 | 6158929 yrad
yrad's picture

DRAGHI: MARKETS MUST GET USED TO PERIODS OF HIGHER VOLATILITY

 

Bye, Bye Greece.

Wed, 06/03/2015 - 10:29 | 6158960 Matthew John
Matthew John's picture

“If money isn’t loosened up, this sucker could go down,”

President George W Bush

Wed, 06/03/2015 - 10:46 | 6159017 RealityCheque
RealityCheque's picture

"Between me and my colleagues in the banking and political spheres, we have totally perverted the concept and meaning of markets and we've ruined the perception of fairness and the rule of law. Therefore, instead of doing anything about our corruption and disgraceful actions from decades ago all the way up to this very second, I have simply decided....MARKETS MUST GET USED TO PERIODS OF HIGHER VOLATILITY"

There you go Mario, you fucking worthless cunt, I fixed your snake oil speech for you.

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