Stock market futures on Friday are set to plunge as investors look to cash out their holdings of shares and other financial instruments as they look for better returns in the coming weeks.
A plunge in the market could push bond prices lower and lower as the bond market nears a potential collapse.
A drop in bond yields could lead to a loss in cash for investors, and the financial market is expected to tumble.
The Dow Jones Industrial Average fell 2,600 points or 1.5%, to 24,717.95, the S&P 500 fell 1.4%, to 2,543.84 and the Nasdaq Composite fell 1,400 points or 0.6%, to 5,814.71.
The S&p 500 is up 4.5% so far this year.
The Dow is up 13.6%.