There’s a positive disposition in the equity futures market this morning, supported in large part by falling Treasury yields.
S&P 500 found support at its 200-day moving average (3,940) yesterday.
Early strength in mega cap space helping to boost the futures trade.
2-yr note yield is down five basis points to 4.87%
10-yr note yield is down six basis points to 4.02%.
Market participants received some supportive economic data overnight, including China’s stronger than expected February Caixin Services PMI and cooler than expected January PPI for the Eurozone.