Panic Purgatory: Oil Crashes To $27; S&P Futures Locked Limit Down, Treasuries Soar Limit Up Amid Historic Liquidation

• Panic Purgatory: Oil Crashes To $27; S&P Futures Locked Limit Down, Treasuries Soar Limit Up Amid Historic Liquidation
  by Tyler Durden, https://www.zerohedge.com/
  The Sunday futures fiasco started off on the back foot, with virtually every risk asset that is not nailed down puking with a force unseen since the financial crisis. It has only gotten worse since.
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  While futures initially tumbled as much as 4.7% in the first minutes of trading, they have not only failed to find any BTFD support, but have been locked at the -5% limit down for nearly two hours with a brief interlude in which they rebounded modestly only to find another wave of buyers. As a reminder, even as thousands of offers build up, they can’t cross due to the limit down state of the Emini.
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  Amid this unprecedented crash in equities, 10Y Treasury futures have soared, and also for the first time in over a decade, were locked limit up for about an hour, at 139-29+, prompting a brief trading interruption…
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