S&P U.S. futures are down more than 2.5 % after the Nikkei index posting its biggest two-day drop since 1987, commodities are all down huge this morning and Treasuries are up on concern a nuclear disaster is unfolding in Japan. Bahrain credit risk soared after Saudi troops entered the nation.
The MSCI World Index of stocks is down 2.3 percent, while the Nikkei dropped 10.6 percent to the lowest since April 2009 and Standard & Poor’s 500 Index futures tumbled 2.8 percent. The yield on the 10-year Treasury down 11 basis points to 3.24 percent and the two-year German note yield down 13 basis points, adding to its longest run of declines since November 2009. USD up .7%, the Swiss franc stronger against its 16 most-traded peers while oil lost 2.6 percent. Credit-default swaps insuring Japanese debt climbed to a record high.
Credit-default swaps on Bahrain jumped 20 basis points to 334, the highest since July 2009, according to CMA. Contracts on Japan soared 26 basis points to a record 122, and Tepco rose 253.5 basis points to an all-time high 402.5, up from 40.5 basis points on March 11. The Persian Gulf shares sank 2.7 percent and the Saudi all shares lost 3.6 percent, the biggest slide in almost two weeks.
Gold and Silver are being hammered big time as the dreaded Blythe Masters is on her horse with no name, be very afraid, she rides for the FED with endless paper printing pockets I'm already down 6.2% and feeling the pain!
No comments:
Post a Comment