I think another dynamic to be nervous about here is the fact that when humans see the US treasury market flash, they probably jump to conclusions. A big buy mov

I think another dynamic to be nervous about here is the fact that when humans see the US treasury market flash, they probably jump to conclusions. A big buy move on the treasury market that says "risk-off" would tell me some serious shit just happened and hasn't hit the news wires yet. If the algos don't correct themselves quickly enough, a crisis could actually materialize out of the reactions humans make under the assumption that the market is pricing in a real event.