The revitialised bond bash returned last night after Mario Draghi egged it on, from the FT:
Mario Draghi fuelled a sharp sell-off in eurozone bonds on Wednesday, after the European Central Bank president said debt markets had to “get used” to volatility in an era of ultra-low interest rates.
…“There was some latent hope that Mr Draghi might try to smooth the market volatility,” said Justin Knight, a fixed-income strategist at UBS. “The fact that he was not only relaxed about higher yields but said that we would have to get used to higher volatility, suggested he was super-relaxed — and that has played into market sentiment.”
