German 10-year bund yields spike to 0.54% - highest since August last year
As Japanese government bonds and US Treasuries fall in tandem, it seems the bond rout is spreading over to Europe now. German 10-year bunds were already at October lows in early trades, but now we're seeing things start to intensify.
German 10-year bund yields opened with a gap up, to 0.54% - levels not seen since August last year.
It's all about the bond market in the last two days, with Bill Gross calling the slump in US 10-year Treasuries a confirmation that we are in a bond bear market.
The early-year action in the bond market is a welcome sight for volatility traders, as we see the VIX jump up 8% from yesterday's start of trading - now back above 10.
