Tag Archives: italy bond yields

Market Reaction after Draghi speech – Gravity Bites As Draghi Serves Cold Plate Of Epic Disappointment

By | August 2, 2012 6:35 pm

As Draghi began to speak the EUR rallied, EGBs rallied and ES rallied – last minute hopiness wrung out of the system, but as soon as he explained that his plan to promise a plan which plans to promise a solution was nothing but another promise and not an actual plan, so everything reversed. S&P futures… Read More »