UST 10YR .476%!
Tomorrow could be unprecedented without a Fed rescue.
Even then, the markets may just shake it off and/or consider it a panic signal.
— Brad Huston (@BradHuston) March 9, 2020
NEW: CNN says it will now refer to coronavirus as a pandemic: "[It] clearly meets the definition, so CNN will start using that term. It is a pandemic" pic.twitter.com/DQo8C2WdpP
— BNO Newsroom (@BNODesk) March 9, 2020
I have been speaking to a market expert and quant god @BankofVol
We are now calling this …
Dark Friday followed by
Black Monday
GOOD LUCK
— Volatility Quant (@VolatilityQ) March 6, 2020
CARNAGE IN GLOBAL MARKETS AFTER OIL PRICES CRASH! Here are some of the key moves. How are policy makers going to respond now?#CoronaVirusUpdate #OOTT pic.twitter.com/6xhmKiKguC
— Yousef Gamal El-Din (@youseftv) March 9, 2020
Rout in Stock Futures Trigger Trading Curbs… Developing…
(Bloomberg) — Circuit breakers put a limit on a harrowing plunge in U.S. stock futures, but they’re also leaving traders in the dark as to how big losses may eventually get. Trading in other index price proxies suggested American stocks are at risk of the worst plunge since 2011.
In the midst of financial-market spasms as the day began in Asia Monday, trading in some of the world’s most popular equity contracts went quiet when declines reached 5%, setting off Chicago Mercantile Exchange limits that keep prices from falling further.
“These things are all designed to stop a market panic and cause a bit of a pause in trading,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. “It can have the perverse effect of increasing the downward pressure on other markets, particularly until the U.S. market opens.”
10-year Treasury below 0.5%…
Anxiety grips companies across world…
‘We’re past the point of containment’…
Ted Cruz self-quarantines after contact at CPAC…
Congress Considering Emergency Shutdown…
Close call threatens to upend Trump’s routine…
Era of ‘Social Distancing’ Begins…
Inside Administration, Debate Raged Over What to Tell Public…
Federal Agencies Prep Disruptions…
Cops in hazmat suits enforce lockdown in Spain…
Israel to Draft Teens and Army to Fight Spread…
‘Most daunting virus’ in half century…
San Fran Bans Non-Essential Public Gatherings At City Facilities…
Shoppers throw punches over toilet paper…
Woman sparks panic on plane by deliberately coughing on crew!
Airport screeners, health workers plagued by fear and anger…
Marine at Virginia base tests positive…
As coronavirus spreads, warnings become more urgent for elderly and frail…
Bill Gates-funded program will soon offer home-testing kits…
There is ‘tipping point’ before it kills…
Does worrying increase risk of getting sick?