• Monetary Metals
    01/28/2015 - 00:28
    It’s terrifying how fast the whole Swiss yield curve sank under the waterline of zero. Now even the 15-year bond has negative interest. The franc has reached the end.

European Bonds And Stocks Slide From Bernanke Opening Exuberance

Tyler Durden's picture




 

It seems the early exuberance that Bernanke's utterings caused in world markets was faded non-stop in Europe. European bonds and stocks saw their best levels of the day at the open and never saw them again. Greece and Portugal underperformed their peers; Italian stocks actually closed lower on the day and while bonds did stage a comeback into the close, they all closed the day wider from yesterday. EURUSD was the big story - its biggest shift since January 2011 (with a 450 pip swing) - but as the day wore on the USD clambered back some strength (even as US equities ignored its retracement).

 

 

and EURUSD's almost unprecented swing...

 

Charts: Bloomberg

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