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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (54157)12/23/2013 10:51:17 AM
From: John  Read Replies (1) | Respond to of 71456
 
I'm surprised that it's not headline news! Very few people are talking about, and the RUT is a very significant small cap index, perhaps the premier one. Even the Russell corporate site is not mentioning the flash spike and flash crash within their news section. Ho ho ho. -nfg-



To: ggersh who wrote (54157)12/23/2013 10:57:22 AM
From: John  Read Replies (1) | Respond to of 71456
 
The flash spike and flash crash of the RUT this morning was not the only oddity of late.

CME says to adjust bond futures trades after overnight trading spike

reuters.com

excerpt:

The CME Group said on Monday that it will adjust the clearing levels of some bond futures trades after the contracts saw unusual price spikes in overnight trading.After a lengthy lull, a burst of activity in the March 2014 U.S. 30-year Treasury future hit just after 2:30 a.m. EST.

The contract was trading around 130-6/32 and started ticking higher shortly after the trades started crossing. By 2:37 a.m., the contract had climbed 9/32 in price to 130-15/32, and by the end of that minute it began rapidly rising in price.

In the space of 13 seconds starting at 2:37:51 a.m., the contract shot nearly 5 full points in price to reach a high of 135-23/32 by 2:38:04 a.m. It retraced most of that gain over the next 56 seconds, falling 4-13/32 in that time, back to 131-10/32. By 2:58 a.m., the price had fallen back to 130-10/32.

The CME said on Monday that it will adjust the clearing levels for trades over 131-12/32 to that level.

The futures move caused a corresponding 10-basis point plunge in thirty-year bond yields to as low as 3.74 percent. The yields quickly rose back and last traded at 3.83 percent.