A.M. Update

S&P futures are up +0.4% this morning. The UK’s CPI came in cooler than expected, helping index futures overnight sentiment. CPI dropped 0.6% month-over-month versus an expected 0.3% decline. Also Treasury yields are also pulling back somewhat this morning. The 2-yr  yield is down three basis points to 4.63% after jumping 20 basis points yesterday….