SPC Enhanced Risk, Mrage Block Fire June Tornado Market to 81%
The US June tornado market priced 81.1% YES by 14:39 UTC Wednesday, a 71-percentage-point, 24-hour surge driven by an SPC Enhanced Risk forecast and Mrage's 694-share overnight block.
The US June tornado contract priced at 81.1% YES as of 14:39 UTC Wednesday, up from a session low of 10.0%—a 71.1-percentage-point surge in 24 hours fuelled by a single outsized overnight block and the Storm Prediction Center's midday Enhanced Risk upgrade for the High Plains.
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