Treasuries
rallied 4-6bps on the day (with the POMO-driven belly outperforming).
The USD dumped back its knee-jerk gains on Europeans trying desparately
to talk down the EUR early on. High yield credit banged higher into the
close. VIX was man-handled back under 12.5% (despite being bid early).
Oh – and every US equity market malted up in an insane intrday swing
which seems to be pinned on the back of expctations Yellen will open her
shirt tomorrow showing a big red “S” on it. So while every flow-driven
market banged higher in a mad scramble of un-tapery goodness, gold went
sideways and silver was monkey-hammered (-4.5% on the week). The last 3
days have seen “most shorted” names double the market’s performance.
Nasdaq’s swing from low to high is the largest positive intraday move
for the index in 5 months!Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze…
ok – you had your fun…
See al the charts and read the whole article at : www.zerohedge.com/ link to original article
