But while everyone has been focused on the melting equity markets and what the high priests of monetary wizardry at the central banks were going to do, did anyone notice the complete collapse of European bonds last week?
More importantly, what happens when short-term spread traders no longer front-run the ECB’s buying chasing nickels in front of a freight train?
https://www.zerohedge.com/geopolitical/has-anyone-told-ecb-yet-its-bankrupt
