Stay Out Of Harm’s Way—-The Casino Is Fixing To Blow

Shock waves have been rumbling through the global bond market in the last few days. On April 17 the yield on the 10-year German bund pierced through the 5bps level, but yesterday it tagged 100bps. That amounted to a 20X move in 39 trading days. It also amounted to total annihilation if you were front running Mario Draghi’s bond buying campaign on 95% […]
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