Ja-Panic? – Stocks & Bond Yields Are Collapsing As Asia Opens

10Y Treasury yields are collapsing to new record lows as Asian markets open – down to a stunning 82bps…

Source: Bloomberg

2Y TSY yields are back below 50bps…

Source: Bloomberg

For the first time since 2016…

Source: Bloomberg

China’s 10Y Yields just fell to a record low…

Source: Bloomberg

And Dow futures are down over 200 points, accelerating lower as no apparent imminent intervention from The BoJ is seen…

AsiaPac stocks are a sea of red…

And the dollar continues to get dumped…

But don’t worry, a good jobs print tomorrow will bring the machines back on line in dip-buying, must confirm all is well mode… or not!

The market is now pricing in 3 more rate-cuts to the April Fed meeting…

That will save us for sure! Right?