Scoreboard: Bond backflip

Bonds sold off despite the rising threat of eurozone deflation as investors await news of ECB action.

The bond sell-off we saw last night was probably the most interesting price action. Actually, it’s about the only price action we saw last night as forex and equity markets did little. Commodities, of course, dance to their own beat, but generally didn’t do a lot either, which makes that sell-off across global bond markets all the more fascinating.

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