US Stocks Crash Into Red On Week, Treasury Yields Are Utterly Collapsing

A disastrous opening for US stocks – the worst yet during the crisis – has sent all US major equity indices into the red for the week…

The Dow is down 800 points…

VIX has exploded back to nearly 49…

But it is the bond markets that are utterly mind-blowing.

30Y Yields are down 30bps today!!

This is utterly unprecedented.

But it is the stress in funding markets – USD FRA/OIS is blowing out – that should worry people most…

Buckle Up.