Dow Jones Industrial Average (DJIA) futures fell 100 points in early trading Thursday. Source: Shutterstock
By CCN Markets: Dow Jones Industrial Average (DJIA) futures collapsed 200 points in early trading Thursday, before recovering slightly.
Traders remain nervous as the bond market flashed another dire warning overnight. Yields on the 30-year Treasury bond crashed below 2 percent for the first time in recorded history. It comes after Wednesday’s disastrous session which saw 800 points wiped off the Dow Jones.
— jeroen blokland (@jsblokland) August 15, 2019
Dow futures on a knife-edge ahead of nervous open
At 6.01 am ET, Dow Jones Industrial Average (DJIA) futures traded 100 points lower, after a spirited overnight rally was quickly wiped out. It comes after a muted Asian session which saw limited gains through the day.
Wall Street saw a new record overnight as the 30-year Treasury bond yield hit 1.9689 percent. It’s the first time on record it’s fallen below 2 percent and caps a long-term decline from 15 percent.
It’s the latest warning in a string of flashing recession indicators this week. Just yesterday, a yield curve inversion on the 10 and 2-year Treasury bonds sent investors into a blind panic.