In what appears to be a hack, CNN.com reported this evening that in an act of retaliation against the US, China had simultaneously dumped its entire stash of US treasury bonds onto the open market.
The story went live on CNN at 6:55pm EST, as the screenshot captured below indicates:
The story was quickly scrubbed from the site, and CNN reported that it had been hacked:
- CNN SAYS SOME OF ITS SOCIAL MEDIAL ACCOUNTS WERE COMPROMISED
- CNN SAYS COMPROMISED ACCOUNTS INCLUDE TWITTER PAGE, FACEBOOK
Judging by the complete lack of any market response whatsoever by the Breaking CNN report (that if actually true would have likely set off a market crash the likes of which would have put the Lehman collapse to shame), it appears that the biggest news of the evening is the fact that CNN has a website.
Complete lack of response in the bond market: