Asian shares set to tumble, oil prices crash

Asian shares set to tumble, oil prices crash

Nikkei futures were down 4.5% and trading 1,200 points below the cash close on Friday, while E-Mini futures for the S&P 500 lost 3.7%.. Futures for the U.S. 10-year Treasury note jumped 28 ticks in early trade, pointing to fresh record lows for yields.. Analysts at BofA Global Research estimated the latest sell-off had seen $9 trillion in global equity value vaporized in nine days, while the average 10-year yield in the developed world hit 16 basis points, the lowest in 120 years.. Yields on the 30-year long bond dived 35 basis points on Friday, the largest daily drop since the 1987 crash.. The tumble in yields and Fed rate expectations has pulled the rug out from under the dollar, sending it crashing to the largest weekly loss in four years..