US Futures are lower as Treasury yields rise. Global yields have been rising, but recent comments from China on the possible reduction or halting of purchases of US Treasuries is cause for concern for bond investors. On the data front, import/export prices were fairly flat in December with import prices rising 0.1% and export prices falling 0.1%. European shares are mostly lower with weakness in telecoms, while banks were higher. Asian shares closed mixed, however, shares in Hong Kong closed higher for the 12th day in a row.