Nanex Research
Nanex ~ 23-Dec-2013 ~ Wild Wild Treasuries
On December 23, 2013 at 2:37:51, Treasury Futures skyrocketed on heavy volume. Specifically,
the March 2014 contract for the 30-Year (ZB), the 30-Year Ultra (UB), the 10-Year (ZN) and spread between the two
(NOB). In 13 seconds, the 30-Year T-Bond moved 5 handles - the equivalent of the high-low
range of the last 3 months.
1. March 2014 30YR T-Bond (ZB) Futures
Video replay of trading action in T-Bond Futures casts doubt that this was a "fat-finger" event
A fat-finger trade would send prices straight up, but video replay clearly shows pauses
and ample back-and-forth trading.
2. March 2014 30YR T-Bond (ZB) Futures. Zooming in on 18 minutes of time.
3. March 2014 30YR T-Bond (ZB) Futures - showing quotes.
4. March 2014 10YR T-Note (ZN) Futures.
5. March 2014 10YR T-Note - 30YR T-Bond (NOB) Futures.
6. March 2014 30YR Ultra T-Bond (UB) Futures.
7. March 2014 30YR Ultra T-Bond (UB) Futures. Zooming to 27 seconds of time.
8. March 2014 30YR T-Bond (ZB) Futures. Zooming to 27 seconds of time.
9. March 2014 10YR T-Note (ZN) Futures during same time period as charts 7-8
above.
10. March 2014 10YR T-Note - 30YR T-Bond (NOB) Futures during same time period
as charts 7-9 above.
Nanex Research
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