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Crude "Flash-Crash" As Stocks Open Higher

Tyler Durden's picture




 

S&P futures are up 10 points (though below Friday's highs) as they open amid better-than-average volume for the Sunday evening session. Treasury futures prices have dropped notably implying around a 6-7bps yield increase with the 10Y trading around 2.84% (above Friday's high yield). The USD is modestly higher as JPY weakens but it is the oil complex that saw early chaos as it flash-crashed over $3.50 at the open before bouncing back. WTI is now holding steady at around $106. Gold and Silver followed WTI's lead with the yellow metal dropping over $20 at the open before bouncing back.

WTI collapsed at the open only to bounce back above $106...

 

Gold is following a similar trajectory...

 

 

but bonds are notably weaker as stocks push higher...

 

Charts: Bloomberg

 

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