“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”
Draghi managed squeezing the shorts yesterday. With Hedge Fund Managers currently running the lowest net exposures in Europe ever, currently 15% net vs year high at 50%, things will get very interesting as the battle for Europe continues.
Below a quick update of the US yields.
Here is the weekly data on the 30-year fixed back to May 1976.