Trichet also failed to confirm a floor in cuts that many were looking for. Plus bunch of gamblers long long end on the off chance they would actually buy EGBs. Liking the Goldman Sachs headlines on Bloomberg that they took 150 tic hit and got stopped out getting long bund on Friday, "we are no longer bullish bund" sounds like a buy signal
Target reached. Expect some consolidation before summer time is over and magic "end year recovery" begins...