Early Update – Not Great Follow Through As Defensive Bias Remerges

11:27 a.m. ET Yields aren’t down much, but they are softer than pre-market (2y -1bp / 10y -5 bp). That’s part of the advantage for the market today, there’s no economic data to surprise. Index futures that were mixed and flattish in pre-market, got a little boost heading into the cash open with that dip…