A.M. Update

S&P futures are down -0.2% in what has been an overnight consolidation of yesterday’s broad losses. WTI Crude Oil (+0.95% @ $85.95) and rates have both added to their gains. The 2-yr  yield is up 2 basis points to 4.72% and the 10-yr yield is up 3 basis points to 4.40%. The weekly MBA Mortgage…