Jeff 12:02 pm on Wednesday, December 20, 2023

Does anyone know…

…what news hit?

jsd501 12:09 pm on Wednesday, December 20, 2023

I caannot find anything.
geewhiz112 12:10 pm on Wednesday, December 20, 2023

Futures are at 4780. Haven.t heard any news. Volume lower than previous days but the downdraft accompanied by high red bars.
Ramie 12:12 pm on Wednesday, December 20, 2023

Still trying to figure it out. Not a lot out there. We’ll find out at some point but for now it’s just market manipulation as usual.
- Jeff 12:13 pm on Wednesday, December 20, 2023
  
  Lowest tick reading since November 2022. CNBC just saying investors taking some profits, and also bad results from Fed X.
Option Iceman 12:49 pm on Wednesday, December 20, 2023

Ugly 20Y Auction Sees Biggest Tail Since Oct 2022, Surge In Dealers

This was an especially ugly auction, and one which sent yields higher across the curve, if below session highs
- Jeff 1:08 pm on Wednesday, December 20, 2023
  
  Ok that’s two months in a row where the 20-year bond auction resulted in the largest intraday moves of the month. The Econ Calendar I use puts these auctions as a “medium” market mover (2 bulls), but I only put the large ones (3 bulls) on my posts. I will be sure to note this when it comes next month.