* Bond markets have generally led moves since the Euro Zone crisis began

* Big moves seen since Draghi's "whatever it takes comment" late last month

* AUS bonds perhaps leading the surge with the 10-yr yield up around 60bps

* Christopher Joye points out that the AUS 3-yr yield is around 100bps higher

* Australia's new found safe haven status might indeed be short lived

* Investors probably in it for the long haul but can't escape nasty m-t-m loss





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