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.