There's ZERO doubt about it, the levers of intraday manipulation are being used, mostly in credit, the sole reason the levers are being used is because the bid for protection in VIX futures and the Flight To Safety Trade in Treasuries is so strong, apparently they had no other recourse than to use the last of the 3, HYG.
I'm not sure how long it can hold out, or what the point actually is, but I can say for sure, there's real fear as these two safety plays are seeing immense demand.
5 years ago
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