Bonds, Bunds, Bonos, And BTPs Battered

With US 10Y yields pressing up towards 3.00% and the curve bear-flattening, it seems Draghi did nothing to contain the market's aversion to all things 'fixed income'. Wherever you look in Europe, bond yields (thanks to Bund prices dumping) and spreads (risk-aversion as Draghi "doesn't share the market's enthusiasm about the recovery") are blowing out. Equity indices are weakening too in Europe as EURUSD drops. Of course, US equities don't care...

 

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