this is in the repo market what I am talking about but will have...

this is in the repo market what I am talking about but will have short term impact in the bond market we see on our screens - like USTs.

I can already see 10Y US and Australian down (compared to where they were 2 hours ago) already as they all anticipate FED to address the issue before markets open.

Read this from Zerohedge that explains lot better.

https://www.zerohedge.com/markets/historic-repo-market-insanity-10y-treasury-trades-4-ahead-monster-short-squeeze

To remember movements in yields will be short lived but will move markets big time tonight. Most likely up as I doubt the FED will not respond and let markets correct by fair bit.

Anything’s possible. I think the article is correct in saying there will be fireworks and probably on the way up but who knows. When markets are like this I don’t keep too much on the table. If ALK released their results few weeks earlier I would have been out already.