"醒来以为Wi-Fi断了"：芝商所约10小时故障致全球交易员陷入混乱

Core Viewpoint - The article discusses a significant technical failure at the Chicago Mercantile Exchange (CME) that disrupted trading for approximately 10 hours, affecting various financial markets and raising concerns among traders about month-end operations [3][4]. Group 1: Technical Failure Impact - CME experienced a technical glitch that halted trading, particularly impacting the Globex futures and options market, which accounts for 90% of CME's trading volume [3]. - The failure led to low trading volumes, with notable delays in trading for Treasury futures and options linked to the secured overnight financing rate [3]. - The disruption resulted in widened bid-ask spreads for Treasury futures, with 20-year futures showing a spread of 11 ticks and 30-year futures showing a spread of 7 ticks [4]. Group 2: Market Reactions and Predictions - Despite the technical issues, the stock market remained stable, with an expected $6 billion inflow into equities for the month-end rebalancing [3]. - Market participants expressed concerns about the inability to trade contracts tracking the S&P 500 and other assets due to the outage, which was attributed to a cooling issue at a key data center in the Chicago area [5][6]. - As trading resumed, the bond yield curve exhibited a "bear steepener" trend, indicating rising yields [5].