2-year Treasury flashes crash

- The 2-year U.S. Treasury yield experienced extreme intraday moves, swinging from 4.315% down to 3.923% inside single candles on two separate occasions. (x.com) - That roughly 39.2 basis-point single-candle drop — and its repeat — has traders flagging algorithmic errors, a flash crash, or forced liquidation dynamics as possible causes. (x.com) - The violent swings are roiling rate-sensitive assets and reminding markets that microstructure or levered selling can sharply amplify policy risk. (x.com)