Market Open Ramp Ends With A Whimper As Bund Yields Suddenly Spike
Having tested down to Payrolls levels once again, German Bund yields have spiked back quickly to the highs of the day (from under 60bps to 70bps). This has sparked selling across most asset classes with US and European stocks waning quickly. Trannies are in trouble have tumbled post-open and are now -1.7% from payrolls.
Bunds are crashing again...
With 4Y back into positive yield territory...
Sending DAX dumping...
With US Trannies the worst...
Charts: Bloomberg
Copyright ©2009-2015 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
