S&P equity futures are trading above prior close. Asian markets were under pressure overnight with Hong Kong down nearly (2.5%) and China, Korea and Japan down close to (2%). European markets also weaker. Treasuries weaker across the curve with the bond now firmly through 5% and the ten-year note on the verge of taking out that level. Dollar little changed vs yen and euro. Gold little changed. WTI crude down 1.9% after gaining just over 2% in prior session.

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