EURUSD Plunges Below 1.30 As As Eurobond Yields Turn Negative As Far As The Eye Can See

Submitted by Tyler Durden on 09/04/2014 08:47 -0400

• Bond
 
• Germany
 
• Italy
 
• Portugal
 
• Slovakia

inShare1

 

Having promised "whatever it takes" and now doing what many thought was un-possible, Mario Draghi has managed to smash EURUSD back to 14-month lows below 1.30 (without actually buying one bond - just promising) and has sent yields on most European bonds negative to 2Y (and Germany near negative in 4Y).

EURUSD at 14-month lows...

Perihperal European bond spreads are collapsing...

and Stocks are surging in Europe...

As yields on most are negative to 2Y... Italy, Portugal, Spain, and Slovakia 2Y rates are doewn 8-10bps today!!

Charts: Bloomberg

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