Turmoil: Gold Surges As Bond Yields, Crude, And Stocks Are All Collapsing

The kneejerks are over and now the fallout. US equity markets have tumbled back to yesterday's lows (and beyond), US Treasury yields are in total free-fall (down another 10bps, led by 7Y and 10Y yields crashing). Crude prices have reversed the entire post-SNB surge and is heading back to yeaterday's pre-ramp levels... Gold is pushing notably higher at $1265

 

Lagarde's comments on being uninformed about the SNB decision make it clear that the world is turmoilinmg...

 

Crude...

 

Gold...

 

Treasuries...have collapsed sicne the Dec FOMC...

 

Stocks...have cratered nack top Dec FOMC levels...

 

 

 

Charts: bloomberg