A.M. Update

S&P futures are down -0.65%, drug lower by higher Treasury yields once again… S&P futures (1m) and 10-year UST futures lower in near lock step overnight and this morning. The 10-yr yield is up another 4 basis points to 4.72% and the 2-yr note yield is up 1 basis points to 5.10%. The U.S. Dollar…