Investors unload sovereign debt ahead of ECB move

``the market has interpreted the report as a semi-official announcement, and investors are positioning for the post-QE trade, which would be a selloff in sovereign debt as the massive influx of central bank capital into the financial system helps goose inflation.'' -- Laughable; this won't "goose inflation"... though if the ECB ends up undershooting, they may indeed fail to drive yields back down (basically, they need to buy enough to make up for the pre-emptive and contemporaneous selling that will be caused by their own actions, otherwise those actions will be nil or even counterproductive)...