A.M. Update

S&P futures are up +0.35%. Treasury yields are slightly higher in front of today’s $42 billion 10-yr note auction. The results will be released at 1:00 ET. This follows yesterday’s $54 billion 3-yr note auction that was met with strong demand. The 10-yr yield is up 1 basis point to 4.02% and the 2-yr  yield…