US equity futures point to a bleak open

  • S&P 500 futures down 30 points

Treasury yields are starting to tick higher but are still down on the day. Today's dump in stocks looks more like a delayed reaction to the rout in bonds yesterday combined with uneven flows as we head towards quarter end.

In any case, S&P 500 futures are down 30.0 points just ahead of the open, or 0.7%

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