Fed Says October 15 Bond Plunge Involved Significant Hedge Funds RepositioningMark Melin
When bond yields plunged on October 15, 2014, dropping from just above 2 percent to near 1.8 percent in a matter of minutes, the initial assumed culprit was a “fat finger mistake,” while others suspected high frequency trading. Many calculated that the event was so "rare" that it was between a seven to ten sigma event. According to a new study from the U.S. Federal Reserve, hedge fund making large adjustments to . . .
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