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Fasdal: It's a bloodbath for bunds

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Saxo's Head of Fixed Income, Simon Fasdal, says a big sell-off in bonds has started following the ECB's press conference.

The market had been hoping that President Mario Draghi would give more hints about the QE programme and in particular the idea of front loading asset purchases. But he said very little.

As well as the sell-off in Bunds, EURUSD is up and Fasdal says it's only a matter of time before we start to see European equities fall.