Treasury Yields Flash-Crash And Then Recover As Gold Gets Dumped

Over 44,000 contracts in 10-Year Treasury futures traded in 1 minute. Sound familiar? Here’s the details…

From Zero Hedge

Treasury yields have been pressing higher all week on an unending wave of offers, despite an already record short speculative position.

However as 10Y Yields approached the Maginot Line of 3.00% today, the bond buying began and then accelerated and then turned into a mini-flash-crash, plunging yields 11bps…

Treasury futures also spiked at the same time on extreme volume…

Over 44,000 contracts in 10Y Treasury futures traded in 1 minute

The long-end was also hit hard…

And Ultra futures spiked…

The entire curve erased the week’s losses…

And as Treasury futures sold back off from their flash smash, so gold was dumped…

And stocks bounced….