The EU’s top regulator for insurers and pension funds wasn’t kidding when it warned that the ECB’s money-printing and bond-buying binge was triggering treacherous “volatility” in the bond markets. “Volatility” isn’t actually the right word. It implies ups and downs. But since QE started in March, euro sovereign bonds, instead of soaring, have experienced a brutal rout. Is the ECB losing its grip?
Read… Euro Bond Market Comes Unglued, Spirals out of ECB’s Control