The Long End of Globex Bond Futures Went Haywire @ 1:35am CT


Update.. trade over 131’12 ZBH4 were busted according to the CME Group. Explanation? none yet.. guessing errant order triggered a barrage of spread orders tied to ZBH4 to execute causing all kinds of collateral volume .

What could have possibly hit the tape this early Monday morning ahead of Christmas Eve? Whatever it was, a fat finger or perhaps a rogue order, moved the 30 year note from 130’30 to 135’23 in a matter of 2 minutes. In the 15 minutes following the pop over 130’11 the 30 year price moved back to where the NBBO was before the tantrum…. 7k+ contracts trading during this period of time.

Screen Shot 2013-12-23 at 2.10.35 AM

1 minute ZBH4

This volume is far far beyond average volumes for this hour & not only for this hour but any hour or minute of any session. QE news coming our way just in time for christmas? doubtful but the evidence remains in the charts.

Screen Shot 2013-12-23 at 2.09.17 AM

1 minute from top down… ZFH4 (5year) ZBH4 (30year) ZNH4 (10year)

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