Bond trader who spotted 7 basis point drop reveals why Eurozone yields are plummeting
Key Points
- German 10-year yields dropped significantly, raising eyebrow...
German 10-year yields just pulled off their biggest disappearing act in four months, dropping 7 basis points on Monday like a magician's assistant behind a curtain. Then, just to prove it wasn't a fluke, they vanished another 2.5 basis points today, settling at 2.59%. Even Rabobank analysts are scratching their heads, calling these movements "as dramatic as it is hard to rationalize" - which in banker speak translates to "we have no idea what just happened."
Welcome to summer trading season, where liquidity is thinner than airport coffee and market movements get amplified like your neighbor's...
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