If everything is leaking from the ECB, this should be a major concern
The ECB can’t keep a secret and maybe the German bond market knows something we don’t.
German 10-year yields are up 7.5 bps to 0.52% in the largest daily rise since Dec 2013.
You could argue that’s simply a sign of cautious traders taking profits ahead of a risk event. But with all the news leaking out of the ECB, maybe someone knows something we don’t.
If Germany can avoid buying bonds in a sovereign QE program, it will spark a sharp rally in the euro.
A sudden change of heart in bunds