by ZeroHedge Staff at ZeroHedge
Well that escalated quickly…
It started in FX…
The Dollar (DXY) surged higher again today, extending Friday’s leap, to its highest since May 2002. The Dollar is up a stunning 4% in the last 5 days – its biggest such move since the peak of the COVID Panic in March 2020…
Source: Bloomberg
On the heels of cable’s collapse overnight to record lows…
Source: Bloomberg
And Yuan weakened near record lows…
Source: Bloomberg
Bitcoin managed a solid day amid all the carnage, holding above $19,000…
Source: Bloomberg
The bond market was a bloodbath…
10Y Gilts exploded a stunning 42bps higher in yield today (up 95bps in 3 days) to its highest since Nov 2008… This is th ebiggest 3 day jump in yields ever for Gilts…
Source: Bloomberg
After the Italian election results, the spread between Italian and German 10Y debt spiked above 240bps today – its highest since the peak of the COVID crisis in 2020 (despite ECB’s grand spread-compression ‘tools’)…
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