Workflow
美国国债收益率一度急升 交易员猜测发生“胖手指”乌龙
Sou Hu Cai Jing·2025-08-07 02:11

Core Viewpoint - The sudden rise in U.S. Treasury yields has sparked speculation regarding its underlying causes, with some attributing it to a technical error and others to a hedging operation related to a corporate bond issuance [1] Group 1 - U.S. Treasury yields across the board surged sharply during the early trading session on Wednesday [1] - Some traders suggest that the yield spike may be due to a "fat finger" error, indicating an accidental input in the futures market [1] - Analysts noted that yields for U.S. Treasury securities ranging from two to thirty years experienced significant increases, likely due to a large-scale sell-off in the futures market [1] Group 2 - Tom di Galoma, Managing Director of Rates and Trading at Mischler Financial, mentioned that market speculation indicates a trader intended to sell 8,000 contracts of 10-year Treasury futures but mistakenly sold 80,000 contracts, which is 20 times the normal trading size [1] - This erroneous transaction appears to have been subsequently canceled, contributing to the volatility in yields [1]