The bond market is leading the way.
Bill Gross was on Bloomberg TV taking credit for Bund shorts, saying Janus did well on them. What he didn't mention that was that his advice on Bunds was to short after the ECB stopped QE.
Fast money got short Bunds on the momentum trade but it seemed to blow off yesterday. The Bund is at a big level; it could get nasty if 0.53%/0.50% breaks.
If it breaks, it's time to sell the euro again.
Keep a close eye on the Bobl, as well. Yields are already below yesterday's lows.
