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Zerohedge has a great post up from Reuters on the German Bund market being halted today due to volatility issue.  Lets stop and review that statement.  The deepest most liquid bond market in Europe was halted today, due to a news release in the US about unemployment.

Trading in German Bund futures was briefly stopped on Friday due to a spike in price volatility following the release of U.S. non-farm payrolls data, a spokesman for the Eurex exchange said.

Bund futures FGBLc1 trading was suspended for less than two minutes at 1330 GMT when price spikes triggered a “volatility interrupt” — an automatic trading halt designed to protect the market or prevent a mistrade.

Normal trading activity had now resumed.

HT/Zerohedge

The PR reads like there was a start to a flash crash and they stopped it.  Ponder we are talking about the futures on the most liquid bond market in Europe.  If that does not scare you, you are either sanity challenged or terminally undereducated?