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...
[4]
And Bunds are collapsing...
[5]
Yesterday, we noted...
Today Bund selloff is bullish
— zerohedge (@zerohedge) June 2, 2015 [6]
Today it appears not.
Charts: Bloomberg
