Tradeweb Denies Fat Finger Rumors
Earlier we reported rumors that the reason for a major and sudden plunge in the 10 Year had to do with a supposed fat finger on Tradeweb. It took the Reuters, which describes itself as "a leading global provider of online marketplaces for fixed income and derivatives"
unit just two hours to publish a refutation: "Reports of a multi-billion dollar customer trade
error on Tradeweb this morning are completely false. Indeed, Tradeweb
has a number of safeguards and warnings incorporated into its electronic
markets to prevent 'fat-finger' errors of this type." That's great. So it simply means that our original thesis that vol in bonds (not to mention FX) is now substantially higher than anything than can be experienced in stocks. Thank you Ben for completely inverting the concept of risky assets.
Disclaimer: Zero Hedge, along with everyone else, hopes to apply for "bail out" funding from the Federal Reserve over the next 12-120 months.
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