Turmoil Accelerates As Asia Opens, Traders Scream For More Fed Rate-Cuts

Dow futures are down over 650 points from the cash close, UST 10Y yields are down 5bps to a stunning 1.67%, and Yuan has plunged to a fresh record 7.1350... investors are suddenly demanding more rate-cuts...

The US yield curve has also crashed further to its most inverted since March 2007

Asian markets are a bloodbath.

Aussie 10Y Yields drop below 1% for the first time ever...

Korea's KOSPI is back at the same levels it was at in July 2007...

Japan's Nikkei has erased all of 2019's gains...

*IRON ORE FUTURES EXTEND COLLAPSE, SLUMP 3.3% TO $92.60/TON

Traders are now demanding 2.8 more rate-cuts in 2019... showing that Powell's move last week was totally useless...

This is chaos! Will Powell go full-Bernanke and announce an emergency rate-cut?