09.18.23 -0430 ET UPDATE –
Whatever died decided to come back to life or the fat finger was cut off:
It’s bizarre, there were a lot of people on FinTwit asking just what the heck happened, and nobody has a clue.
Gang, rarely would I post a thread like this without asking the question.
But if we witness the validation of a 28 basis point move to higher yields in the 2 year US Treasury market tonight along with everything else moving higher across the curve then someone, somewhere, is in serious trouble.
The US 2 year Treasury yield is the most notable:
The 10 year yield has been all over the place also with some unusual moves:
Something disturbing is happening tonight as this blows out the yield curve:
Stay tuned. We could be on full on crash alert by morning.