US Futures Open Close To Limit-Down, Gold Pops, Bonds Bid

Amid the usual last minute negotiations in Washington, spread markets suggested an ugly open for futures but FX tradiong in Asia was relatively subdued for once.

Dow futures opened down 900 points…getting close to limit-down (in a replay – perhaps – of the failed TARP vote from 2008)…

Gold popped back above $1500…

10Y Kiwi paper yields crashed after RBNZ announced an emergency QE…

Developing…