A huge miss on today’s nonfarm payrolls data is killing markets right now.
Dow futures are off 202 points. S&P futures are off 27 points, down over 2 per cent.
Europe is diving too, with the DAX now down more than 3.6 per cent. The euro also pushed through support, falling below $1.23.
Yields on 10 year Treasuries took a sharp dive after the report, as investors pick up their flight to safe assets.
According to Dow Jones, this is the first time on record that yields have dropped below 1.5 per cent.
Yields on German bonds are also falling, with the two-year falling to an incredible -0.012 per cent.