Early Update – Yields Higher

11:10 a.m. ET The averages are off their worst levels of the morning, but it looks likely the morning lows are tested. SP-500 -0.6%, Dow -0.9% (Dow Transports -1.65% underperform) , NASDAQ-100 -0.25%%, Small Caps -0.65% The preliminary reading of the University of Michigan Index of Consumer Sentiment for January decreased to 68.8 (consensus 68.5)…