German Bund Carnage Ends With Worst Day In 3 Years

10Y Bund yields exploded over 17bps today to top 71bps for the biggest absolute yield increase since August 2012. Initially triggered off hotter-than-expected EU inflation, one can't help but wonder if the magnitude and linearity of the move had an invisible hand helping it out "to make room for more ECB buying."

 

 

One can't help but wonder - just as we saw previously and was rumored across many trading desks - if the ECB is not enabling this decompression to give themselves some more room for buying...