Sovereign debt, bank stocks and the euro are all spiraling lower in unison late in the European session.
Give an assist to Bill Gross for inadvertently setting off a fresh wave of selling in trying to talk the Fed into another round of easing.
As noted earlier, European bank stocks are under intense pressure. They have since fallen to their lowest levels since mid-January after breaking support at 79.20. We trade now at 79.06.
Talk of options-defense buying is heard ahead of 1.3100 barriers in EUR/USD.
