Draghi fired his forward-guiding-bazooka and bond yields across Europe (and UST) tumbled in obeyance…
German and French yields crashed to record lows…
And while yields are sliding and the curve flattening, EU banks are bid
Finally, we note that all of Europe’s bond yields now trade below US Treasury yields
And while Greece has been trading inside the UST 10Y for a few days, Poland has now joined the sub-UST club…for the first time ever.
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