Major Japanese trading house, selling dollars buying euro and putting that money to work in the bobl. Apparantly they wanted to 'goose' the market/players a bit to let them all know there's a new buyer with plenty of cash.
I believe the earthquake has nothing to do with it as the move on the Bund/Bobl/Gilt happened 4 minutes before. The news on California were released on BBG / Reuters much later. On the bund, more than 40,000 lots traded in 3 minutes... All that I know is that I entered a short on the Bund 1 minute before...
Perhaps because it took 4 minutes for it too appear on any of the news wires. We had a telephone call as it started getting lifted that there was a rumor of a quake, but details were sketchy. Still it doesn't matter what the cause was, as they say, all news is old news.
yeah what happened in German interest rates futures yesterday ? US Treasuries didn't budge by comparison. I thought it was some ECB news but EUR/USD stayed strong all day. Doubt the earthquake had anything to do with it, hardly heard about it on the news, and why didn't we see a similar move in Treasuries then ?
surely it was the earthquake - reason no reaction in treasuries poss because the "earthquake" actually turned out to be something off the coast and hence with no damage? sell off today profit taking? ob