LQD latest mini Flash Crash. 16 Seconds of Fury

·

LQD is the ETF that corresponds to the investment grade croporate bond fund. It is a $15 billion dollar ETF by market cap. It is an iShares product. It is used as a proxy for corporate bond prices.  It had a mini crash this morning.

$112.40 ==> $101.50 ==>$112.40 in 16 seconds.

09:30:44 drops to $110.11

09:30:45 drops to $106.00

09:30:47 drops $101.50

09:31:00 Back to $112.40

16 seconds there and back.

All trades broken below $108.93

No comment.