March 15, 2011 / 4:56 AM / 9 years ago

S&P futures slide 3 percent, Treasuries soar as radiation rises

A foreign currency dealer works in front of an electronic board displaying a graph of the Japanese yen's exchange rate against the U.S. dollar (Euro) at a dealing room in Tokyo March 14, 2011. funding to keep money markets stable. REUTERS/Issei Kato

HONG KONG (Reuters) - U.S. stock futures tumbled nearly 3 percent on Tuesday as Japanese markets plunged on reports that the explosions at the stricken Fukushima nuclear power plant were leading to higher levels of radiation near Tokyo.

S&P e-mini futures were down 2.5 percent and slid nearly 3 percent at one point as Tokyo stocks shed 13 percent in a futures-led selloff as investors fretted about the potential impact of the nuclear crisis.

U.S. Treasuries soared. June 10-year T-note futures were up 1-2/32 to 121-8/32 and jumped as high as 121-14.5/32, a three-month high. Ten-year notes were up more than a full point in price to yield 3.236 percent, down 13 basis points on the day.

Reporting by Eric Burroughs; Editing by Ed Lane

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