It ‘Plunged More Than 50% In Seconds’: Treasury Vol. Index Hit Lowest On Record Friday

Think back - way back. All the way back to Friday, which, for those of you who drink like Heisenberg used to drink, probably seems like an eternity ago. Well Friday's big news was of course the CPI miss in the US - a datapoint which either i) pissed the Fed off because it undercut the notion that lackluster inflation is "transitory", or ii) made the Fed happy as it gave them an excuse to walk back excessive hawkishness that threatens to upend rates markets and trigger rolling tantrums. Whatev