December durable goods orders data were just released at 8:30 AM ET, and the numbers were considerably worse than consensus estimates.
In the wake of the release, S&P 500 futures have erased all of their gains for the day and are now up only 0.1%.
Meanwhile, 10-year U.S. Treasury futures, which were negative before the release, are now up 0.2%, and the yield on the 10-year note is 2.74%, one basis point below yesterday's close.
The charts below show the reaction of various markets.
From left to right across the top are S&P 500 futures, the dollar-yen exchange rate, and the euro-dollar exchange rate. From left to right across the bottom are gold futures, 10-year U.S. Treasury futures, and June 2016 eurodollar futures.
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