[1]Few will ever forget the ferocity of the October short-squeeze in US Treasuries that flash-crashed yields. As Nanex notes however, today's yield plunge (price surge) is starting to shape up as an extreme flight-to-safety squeeze. As we noted earlier, [2] US Treasury short positioning into this week was its highest in over 4 years...
Today vs October's yield flash crash...
[3]
The surge in futures prices is getting extreme
[4]
And this is maybe why...
[5]
Charts: Bloomberg, Nanex, BofAML
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/news/2015-01-06/wrong-again-hedge-funds-start-2015-most-long-sp-2013-most-short-10-year-2010
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150106_crash1.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150106_crash.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150106_specs.jpg
