US Futures are Lower as Treasury Yields Rise

US Futures are lower as Treasury yields rise.  The 10yr Treasury rose to 2.7% this morning, highest level since 2014.  On the data front, personal income and spending both rose 0.4% in December.  The saving rate in December recorded the lowest reading since 2005 at 2.4%.   Inflation was in-line with forecasts in December, with the core PCE rising 0.2% for the month and 1.5% yoy.  European shares are mixed with technology shares leading higher.  Asian shares closed mixed with Chinese markets leading lower.

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