Treasury yields have been pressing higher all week on an unending wave of offers, despite an already record short speculative position.

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However as 10Y Yields approached the Maginot Line of 3.00% today, the bond buying began and then accelerated and then turned into a mini-flash-crash, plunging yields 11bps...

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Treasury futures also spiked at the same time on extreme volume...

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Over 44,000 contracts in 10Y Treasury futures traded in 1 minute

The long-end was also hit hard...

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And Ultra futures spiked...

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The entire curve erased the week's losses...

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And as Treasury futures sold back off from their flash smash, so gold was dumped...

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And stocks bounced....

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