Stocks Extend Losses After Barclays Suspends Sales/Issuance Of Equity, Oil Volatility ETNs

Apparently unrelated to any Ukraine issues, Barclays has announced the suspension, until further notice, of any further sales from inventory and any further issuances of iPath Pure Beta Crude Oil ETN (ticker OIL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)

According to a press releases, the suspension is because “Barclays does not currently have sufficient issuance capacity to support further sales from inventory and any further issuances of the ETNs”

US equities were already in freefall but accelerated lower after the headlines hit…

And VXX was bid aggressively…