A.M. Update

Index futures are mixed, but mostly lower. S&P futures are down -0.25%, Dow futures are down -0.5%, while Russell 2000 futures are up +0.5%. The 2-yr yield is higher by 4 basis points to 4.58% and the 10-yr up 4 basis points to 4.22%. Fed Chair Powell will deliver his semiannual monetary policy testimony to…