Along with the Safe Haven Utilities nearly doubling the performance of any other S&P sector today, high yield credit selling off, CONTEXT at what is now a -33 ES point (negative) differential, Carry trades selling off, odd end of day churning with the highest volume of at least 7-days on a 5 min bar (pros tend to trade the close), I just saw this as well.
I saw the 30+ year as it related to SPY arbitrage, but when you have a chance at market yield, why would you be buying safe haven treasuries in to the same move as the market?
10 year Treasuries were bought right at 2 p.m. sending the 10-year yield to 2.59%
10-year Treasury futures bought right at 2 p.m.
Meanwhile, INDEX futures, still absolutely flat.
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