By ZeroHedge
If there is one thing more worrisome for the world’s central planners than a stock sell-off, it is a bond rout ‘proving’ that they have lost control. The overnight carnage across global bond markets appears to have triggered someone (or someones) to step in – in dramatic size – to rescue bonds and save the world once again.
Rescue Me!! (Futures prices)
And what that looked like for German Bund yields…
What is becoming increasingly clear to the central bankers, as we noted earlier, is that since the bond market is now massively illiquid and everyone is on the same side there is no way to orchestrated a controlled decline.
Be careful what you wish for, stock ‘investors’.
Source: Did The World’s Central Banks Hit The Panic Button This Morning? | Zero Hedge
