Dec

23

Bonds trade up ~ 5 points, 130-15 to 135-23 in a few seconds, and then the market trades both sides for close to a minute. Certainly enough time for someone who "points and clicks" to take advantage of the "mis-pricing", on the way back down, and now they've canceled all trades above 131-12….

"It was a fat finger"

If that were true then there would have been an instant return to prior trading levels without two way action. It took close to 20 minutes to go back to the prior levels with many up and down ticks.

I'm sure all the little guys who (thought they) bought back their shorts at 131-00 are really happy it's trading at 130-10 now that they're stuck with their longs….


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