A.M. Update – Bank of England Capitulates and Restarts QE

S&P futures are up +0.3%, well off their worst levels of the morning following a pullback in Treasury yields from overnight highs. The 10-year note yield, which reached 4.01% earlier, fell to 3.89% immediately  following the Bank of England announcing a plan to conduct temporary purchases of longer-dated gilts “to restore orderly market conditions”, or…