A.M. Update

S&P 500 futures are down -0.3% as yields climb higher. The 10-yr yield is four basis points higher than Tuesday at 4.63% and the 2-yr yield is two basis points higher at 4.36%. Weekly initial jobless claims totaled 219,000 (consensus 232,000) and last week’s total was 220,000. Continuing claims came in near a 3 year…