Treasury Flash Crash Inverts 1Y-2Y Curve

Things are just breaking left and right in the market now.

Shortly after the 1PM stock market close (but before the 2PM bond market closure) we pointed out that the 2Y yield had flash crashed on what appeared to be a short seller capitulating violently. Well, something else rather remarkable happened in that brief spike in activity: as 2Y yield tumbled first below 2.58% and then below 2.56%, the 12 Month (1 Year) Treasury – 2 Year Treasury curve inverted suddenly, sliding as low as -0.02%.

As one would expect, this was yet another of those “since 2008” events, because the last time the 1Y-2Y curve inverted was during the panic of the 2008 financial crisis.

And with a massive short overhanging still waiting across the entire curve as we discussed yesterday, expect many more such “breakage” events to take place in the coming days.

Treasury Flash Crash Inverts 1Y-2Y Curve <body> <h1> Array ( [0] => rreasury flash crash inverts 1y-2y curve [1] => freasury flash crash inverts 1y-2y curve [2] => greasury flash crash inverts 1y-2y curve [3] => yreasury flash crash inverts 1y-2y curve [4] => 6reasury flash crash inverts 1y-2y curve [5] => 5reasury flash crash inverts 1y-2y curve [6] => teeasury flash crash inverts 1y-2y curve [7] => tdeasury flash crash inverts 1y-2y curve [8] => tfeasury flash crash inverts 1y-2y curve [9] => tteasury flash crash inverts 1y-2y curve [10] => t5easury flash crash inverts 1y-2y curve [11] => t4easury flash crash inverts 1y-2y curve [12] => trwasury flash crash inverts 1y-2y curve [13] => trsasury flash crash inverts 1y-2y curve [14] => trdasury flash crash inverts 1y-2y curve [15] => trrasury flash crash inverts 1y-2y curve [16] => tr4asury flash crash inverts 1y-2y curve [17] => tr3asury flash crash inverts 1y-2y curve [18] => trezsury flash crash inverts 1y-2y curve [19] => tressury flash crash inverts 1y-2y curve [20] => trewsury flash crash inverts 1y-2y curve [21] => treqsury flash crash inverts 1y-2y curve [22] => treaaury flash crash inverts 1y-2y curve [23] => treazury flash crash inverts 1y-2y curve [24] => treaxury flash crash inverts 1y-2y curve [25] => treadury flash crash inverts 1y-2y curve [26] => treaeury flash crash inverts 1y-2y curve [27] => treawury flash crash inverts 1y-2y curve [28] => treasyry flash crash inverts 1y-2y curve [29] => treashry flash crash inverts 1y-2y curve [30] => treasjry flash crash inverts 1y-2y curve [31] => treasiry flash crash inverts 1y-2y curve [32] => treas8ry flash crash inverts 1y-2y curve [33] => treas7ry flash crash inverts 1y-2y curve [34] => treasuey flash crash inverts 1y-2y curve [35] => treasudy flash crash inverts 1y-2y curve [36] => treasufy flash crash inverts 1y-2y curve [37] => treasuty flash crash inverts 1y-2y curve [38] => treasu5y flash crash inverts 1y-2y curve [39] => treasu4y flash crash inverts 1y-2y curve [40] => treasurt flash crash inverts 1y-2y curve [41] => treasurg flash crash inverts 1y-2y curve [42] => treasurh flash crash inverts 1y-2y curve [43] => treasuru flash crash inverts 1y-2y curve [44] => treasur7 flash crash inverts 1y-2y curve [45] => treasur6 flash crash inverts 1y-2y curve [46] => treasury dlash crash inverts 1y-2y curve [47] => treasury clash crash inverts 1y-2y curve [48] => treasury vlash crash inverts 1y-2y curve [49] => treasury glash crash inverts 1y-2y curve [50] => treasury tlash crash inverts 1y-2y curve [51] => treasury rlash crash inverts 1y-2y curve [52] => treasury fkash crash inverts 1y-2y curve [53] => treasury fpash crash inverts 1y-2y curve [54] => treasury foash crash inverts 1y-2y curve [55] => treasury flzsh crash inverts 1y-2y curve [56] => treasury flssh crash inverts 1y-2y curve [57] => treasury flwsh crash inverts 1y-2y curve [58] => treasury flqsh crash inverts 1y-2y curve [59] => treasury flaah crash inverts 1y-2y curve [60] => treasury flazh crash inverts 1y-2y curve [61] => treasury flaxh crash inverts 1y-2y curve [62] => treasury fladh crash inverts 1y-2y curve [63] => treasury flaeh crash inverts 1y-2y curve [64] => treasury flawh crash inverts 1y-2y curve [65] => treasury flasg crash inverts 1y-2y curve [66] => treasury flasb crash inverts 1y-2y curve [67] => treasury flasn crash inverts 1y-2y curve [68] => treasury flasj crash inverts 1y-2y curve [69] => treasury flasu crash inverts 1y-2y curve [70] => treasury flasy crash inverts 1y-2y curve [71] => treasury flash xrash inverts 1y-2y curve [72] => treasury flash vrash inverts 1y-2y curve [73] => treasury flash frash inverts 1y-2y curve [74] => treasury flash drash inverts 1y-2y curve [75] => treasury flash ceash inverts 1y-2y curve [76] => treasury flash cdash inverts 1y-2y curve [77] => treasury flash cfash inverts 1y-2y curve [78] => treasury flash ctash inverts 1y-2y curve [79] => treasury flash c5ash inverts 1y-2y curve [80] => treasury flash c4ash inverts 1y-2y curve [81] => treasury flash crzsh inverts 1y-2y curve [82] => treasury flash crssh inverts 1y-2y curve [83] => treasury flash crwsh inverts 1y-2y curve [84] => treasury flash crqsh inverts 1y-2y curve [85] => treasury flash craah inverts 1y-2y curve [86] => treasury flash crazh inverts 1y-2y curve [87] => treasury flash craxh inverts 1y-2y curve [88] => treasury flash cradh inverts 1y-2y curve [89] => treasury flash craeh inverts 1y-2y curve [90] => treasury flash crawh inverts 1y-2y curve [91] => treasury flash crasg inverts 1y-2y curve [92] => treasury flash crasb inverts 1y-2y curve [93] => treasury flash crasn inverts 1y-2y curve [94] => treasury flash crasj inverts 1y-2y curve [95] => treasury flash crasu inverts 1y-2y curve [96] => treasury flash crasy inverts 1y-2y curve [97] => treasury flash crash unverts 1y-2y curve [98] => treasury flash crash jnverts 1y-2y curve [99] => treasury flash crash knverts 1y-2y curve [100] => treasury flash crash onverts 1y-2y curve [101] => treasury flash crash 9nverts 1y-2y curve [102] => treasury flash crash 8nverts 1y-2y curve [103] => treasury flash crash ibverts 1y-2y curve [104] => treasury flash crash imverts 1y-2y curve [105] => treasury flash crash ijverts 1y-2y curve [106] => treasury flash crash ihverts 1y-2y curve [107] => treasury flash crash incerts 1y-2y curve [108] => treasury flash crash inberts 1y-2y curve [109] => treasury flash crash ingerts 1y-2y curve [110] => treasury flash crash inferts 1y-2y curve [111] => treasury flash crash invwrts 1y-2y curve [112] => treasury flash crash invsrts 1y-2y curve [113] => treasury flash crash invdrts 1y-2y curve [114] => treasury flash crash invrrts 1y-2y curve [115] => treasury flash crash inv4rts 1y-2y curve [116] => treasury flash crash inv3rts 1y-2y curve [117] => treasury flash crash inveets 1y-2y curve [118] => treasury flash crash invedts 1y-2y curve [119] => treasury flash crash invefts 1y-2y curve [120] => treasury flash crash invetts 1y-2y curve [121] => treasury flash crash inve5ts 1y-2y curve [122] => treasury flash crash inve4ts 1y-2y curve [123] => treasury flash crash inverrs 1y-2y curve [124] => treasury flash crash inverfs 1y-2y curve [125] => treasury flash crash invergs 1y-2y curve [126] => treasury flash crash inverys 1y-2y curve [127] => treasury flash crash inver6s 1y-2y curve [128] => treasury flash crash inver5s 1y-2y curve [129] => treasury flash crash inverta 1y-2y curve [130] => treasury flash crash invertz 1y-2y curve [131] => treasury flash crash invertx 1y-2y curve [132] => treasury flash crash invertd 1y-2y curve [133] => treasury flash crash inverte 1y-2y curve [134] => treasury flash crash invertw 1y-2y curve [135] => treasury flash crash inverts 2y-2y curve [136] => treasury flash crash inverts qy-2y curve [137] => treasury flash crash inverts 1t-2y curve [138] => treasury flash crash inverts 1g-2y curve [139] => treasury flash crash inverts 1h-2y curve [140] => treasury flash crash inverts 1u-2y curve [141] => treasury flash crash inverts 17-2y curve [142] => treasury flash crash inverts 16-2y curve [143] => treasury flash crash inverts 1y02y curve [144] => treasury flash crash inverts 1yp2y curve [145] => treasury flash crash inverts 1y-1y curve [146] => treasury flash crash inverts 1y-qy curve [147] => treasury flash crash inverts 1y-wy curve [148] => treasury flash crash inverts 1y-3y curve [149] => treasury flash crash inverts 1y-2t curve [150] => treasury flash crash inverts 1y-2g curve [151] => treasury flash crash inverts 1y-2h curve [152] => treasury flash crash inverts 1y-2u curve [153] => treasury flash crash inverts 1y-27 curve [154] => treasury flash crash inverts 1y-26 curve [155] => treasury flash crash inverts 1y-2y xurve [156] => treasury flash crash inverts 1y-2y vurve [157] => treasury flash crash inverts 1y-2y furve [158] => treasury flash crash inverts 1y-2y durve [159] => treasury flash crash inverts 1y-2y cyrve [160] => treasury flash crash inverts 1y-2y chrve [161] => treasury flash crash inverts 1y-2y cjrve [162] => treasury flash crash inverts 1y-2y cirve [163] => treasury flash crash inverts 1y-2y c8rve [164] => treasury flash crash inverts 1y-2y c7rve [165] => treasury flash crash inverts 1y-2y cueve [166] => treasury flash crash inverts 1y-2y cudve [167] => treasury flash crash inverts 1y-2y cufve [168] => treasury flash crash inverts 1y-2y cutve [169] => treasury flash crash inverts 1y-2y cu5ve [170] => treasury flash crash inverts 1y-2y cu4ve [171] => treasury flash crash inverts 1y-2y curce [172] => treasury flash crash inverts 1y-2y curbe [173] => treasury flash crash inverts 1y-2y curge [174] => treasury flash crash inverts 1y-2y curfe [175] => treasury flash crash inverts 1y-2y curvw [176] => treasury flash crash inverts 1y-2y curvs [177] => treasury flash crash inverts 1y-2y curvd [178] => treasury flash crash inverts 1y-2y curvr [179] => treasury flash crash inverts 1y-2y curv4 [180] => treasury flash crash inverts 1y-2y curv3 ) </h1> </body>