Equity futures have deteriorated as the morning has progressed.
The S&P 500 futures are down 35 points and are trading 0.8% below fair value.
The Nasdaq 100 futures are down 173 points and are trading 1.1% below fair value.
The Dow Jones Industrial Average futures are down 203 points and are trading 0.6% below fair value.
Treasury yields continue to decline.
The 2-yr note yield is down eight basis points to 4.71% and the 10-yr note yield is down 10 basis points to 3.70%.
Energy complex futures have extended their losses.
WTI crude oil futures are down 3.0% to $67.45/bbl and natural gas futures are down 2.8% to $2.54/mmbtu.