S&P 500 futures are now down 0.5% as markets are seeking shelter amid the blow up in bond yields. European indices are also sinking lower across the board with the DAX now down nearly 1% with the CAC 40 also turning early gains to losses now. And as warned there, it was only a matter of time before the spillover impact hits at stocks today. And it’s not just in Europe, we’re seeing the same in Japan and also the US as well. The precious metal has pared earlier gains to $3,478 now
Equities start to get hit by bond market rumblings