A.M. Update

S&P futures are up +0.3% this morning, drawing some support from positive earnings reports from Dow components Walmart (WMT) and Cisco (CSCO).  After settling at its highest level since 2008 yesterday, the 10-yr yield is up another 3 basis points to 4.29%. The 2-yr yield is down -3 bp to 4.95%. Norges Bank raised its…