Last night Credit Suisse suspended issuance of new shares of TVIX. The release cited “internal limits on the size of the ETNs” as the cause of the suspension. Today, TVIX is trading at a premium to VXX, as the one-minute charts below indicate:
TVIX & VXX
What effect might this have on our very profitable VXX trading models? None that I can see, other then if the TVIX premium illustrated above holds, TVIX will continue to provide better returns on VXX_Long signals.