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

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