Everything is red: Here's a super-quick guide to what traders are talking about right now

Traders work on the floor of the New York Stock Exchange (NYSE) the day after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid

Thomson Reuters

Traders work on the floor of the NYSE

Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.

Here's Lutz:

Morning, US futures were drifting just under the waterline early, then headlines "China Officials Are Said to View Treasuries as Less Attractive" accelerated selling in everything USA. The S&P is down 50bp, but with Treasuries getting hit and the Curve getting steep, Tech is taking it worst, with Nasdaq off 70bp. It's pretty red overseas, where the DAX is down nearly 1% as the Euro jumps - Fins the only sector holding a bid, but Healthcare weaker but nearly 2% and Exporters breaking lower. FTSE doing a touch better, up small, but we r seeing decent profit taking in the miners, while Homebuilders are getting whacked. Grocers continuing recent momentum behind Sainsbury's. Volumes are strong, with most EU Exchanges 50% above normal trends. In Asia, Nikkei finally retreats, losing 26bp - Hang Seng up 25bp -= Shanghai up 20bp - Taiwan hit for 70bp and KOSPI down 40bp as Sammy headers weighted on Tech in Asia

The US 10YY is nearing 2.6% on the China headers, adding fuel to "bond gods" comments in the last 24 hours about a bear market setting in. Better Chinese CPI certainly helped yields pop in Asia, but it's still about BOJ headers yesterday on cutting bond-buying. JGB's kiss 10bp before retreating, while the Yen remains strong, with $/Y smashing southside 112 to 6week lows. The Euro has jumped over $1.20 - while Good UK Manufacturing data was shrugged off, Sterling bid only by nature of Dollar weakness. Ore was off 50bp, after gaining 5% in 2018, and we have metals jumping now, led by Copper up 1.5% and Silver 1%, with Gold just behind. Oil adding to 3Y highs after a huge draw reported by API ahead of DOE data later toda

Here are the 10 things you need to know today.

Get the latest Oil WTI price here.