US Equity Futures "Heisenberg"-ed To 3-Week Lows

As JPY-crosses suggested in the early Asia session, US equity futures are off to a tough start. S&P 500 futures are down 14 points from Friday’s close, testing down to their 50-day moving average and back to 3-week lows. The S&P 500 is now -3.2% from its post-Un-Taper highs. Treasury futures are at 3-month high (price) implying around a 4-5bps drop in yields to 2.58% for 10Y and 1.35% 5Y.




Chart: Bloomberg


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