A.M. Update

Index futures are on the rebound this morning with S&P futures +0.35% and NASDAQ-100 futures +0.65% as yields back off. The  2-yr yield is down 3 basis points to 5.11% and the 10-yr yield is down 1 basis point to 4.47%. The Bank of Japan made no changes to its policy stance, as expected; meanwhile, Bloomberg reports…