A.M. Update – 2-Year Above 1% & Futures Fall

After a fairly quiet futures market over Monday’s Martin Luther King holiday, futures have resumed their decline as the 2-year yield tops 1.00%. S&P futures are down -0.9%, while the Tech heavy NASDAQ futures are down -1.45%. The 10-year Treasury note yield is currently up five basis points to 1.82% after trading near 1.85% overnight,…