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Bloomberg Statement On "Inadvertently" Breaking Fed Minutes Embargo
As we first noted, nearly half an hour before the official release time of FOMC the minutes, Bloomberg broke the embargo by blasting a headline to subscribers...
Jesus embargo broken
— zerohedge (@zerohedge) August 19, 2015
Just out from BBG: MOST FED OFFICIALS IN JULY SAW CONDITIONS FOR RATE RISE NEARING
— zerohedge (@zerohedge) August 19, 2015
... which, due to its hawkish tone, send yields higher before everyone else joined in in breaking the embargo and showing that the broader context was really far more dovish than expected leading to the jump in stocks.
So what happened? This is what a Bloomberg spokesperson said: "In the process of preparing embargoed material we inadvertently sent a headline ahead of the embargo."
Well, with HFTs legally frontrunning everyone else, and the Fed admitting it openly leaked minutes at least once a full day before the official release, one can probably say that in the grand scheme of things this was an improvement.
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I didn't know the gun was loaded.....
Premature embargo-lation.
Hey Tyler - I didn't know there was an embargo on Jesus.
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Your point is a bit long and drawn out. But I do see it.
If that's not a well thought out plan to solicit premium Bloomberg subcriptions then nothing is...
Bloomberg Sales pitch:
"Your only chance to front-run the front-running HFT algos..."
There's no excuse for "embargoes" these days. Really. The HFT's will outrun you in any event. CNBS will cheer and spout bullshit saying good times are here again.
http://www.cnbc.com/2015/08/19/janet-yellen-please-take-your-victory-lap...
"i dont know nothin mr. offiissa...."
BS!
DJI -200 in the middle of scam week (options expiry) = warp drive manipulation.
There's no excuse for not having a procedure in place to keep this from happening. How many reporters have advance access to this info and can sell it to the highest bidder? Clearly no reason to have confidence in Bloomberg.
Mass mayor hangs Black Lives Matter banner from city hall
http://tinyurl.com/osva9ud
if black lives matter so much why do they keep killing each other off?
What they meant to say was "we inadvertently showed it to the public, that was supposed to be for our house list only".
"Dammit Williamson! See what you started?"
Interesting that the immediate post FOMC hard-on is fading fast. Half-life on jawbone stimulus down to several minutes.
Heh, yeah...I take that as a positive sign.
Almost there...
in the process of receiving head, we inadvertantly shot all up your grill. inadvertantly as f*ck.
one can probably say that in the grand scheme of things this was an improvement.
I suppose maiming someone for life is better than killing him. What's a little corruption between cronies? It will not add to the mount Everest of corruption and fraud that masquerades as the US market.
?
How many queens does it take to screw in a lightbulb?
A: ONE, and the whole world revolves around her.
What's odd is that with the dovish stance revealed, the markets still reversed course to possibly hit day lows, even as the probability of a rate hike in September dropped.
Very odd.
I'm sure no one made money on this head fake.
Well some might have got lucky during that short window of time before the whole news arrived
"We had to release the minutes early that way we know what's actually in it"
Oops, I Did It Again
member Brittany?
What does an embargo have to do with this?
It used to be called insider information.
And journalism before that...
But that was before they invented the printing press.
No Jews were harmed in the breaking of this embargo...
Hillarys bathroom closet server must be still in remote IP access.
Receiving insider information is not prohibited. Only trading on insider information is prohibited.
Google provides trending analytics for HFT browser excellence. Only money can buy inside trading fraud.
ABC, EFIG, can you spell Google shell company backwards?
If you are a member of the government, you are also permitted to trade on it, unless they changed the law.
Did not know that inadvertently and deliberately are synonyms.
its like being 'first' in the comments section....
Odd, no mention of the poor bastard who lost their job over shitting this bed. Maybe the whole office is sharing the payoff.