A.M. Update

S&P futures are up +0.35%. A continued downturn in oil prices (-1 @ $81.03) has helped improve sentiment a bit, although Treasury yields remain elevated with the 2-yr yield again pressing 5.00% and the 10-yr yield also 2 basis points higher sitting at 4.64%. There is a $69 billion 2-yr note auction today. Results will…