S&P 500 futures are down by 1.5% or ~50 points
The pain train for risk trades is continuing its run on the day, as the risk-off mood is getting even uglier as we look towards North American trading.
US futures just took another leg lower and Treasury yields are markedly lower on the day, with 30-year yields around 2.07% - just ~16 bps off its record low.
European equities are also sharply lower across the board with most major indices posting ~2% losses at the moment. USD/JPY is being dragged lower to 108.90 now but is still seen keeping above its 100-day moving average @ 108.72.
