Europe’s Whiplashed Bond Investors Say Goodbye to ECB Safety Net
- German bonds swing from best-ever week to suffering worst
- Citi, JPMorgan bet against Italian debt on stimulus withdrawal
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A crazy week for trading Europe’s bonds means investors are betting on the biggest swings in a decade.
An index of German debt, meant to be the continent’s haven, just swung from its best week to its worst ever. Investors across the region have been whiplashed with the biggest ranges since the Covid panic of 2020. A gauge of future rates volatility is now the highest since 2011.