S&P 500 futures trade tentatively in Asia

• S&P 500 futures trade futures - recovery stalls in Asia. 
• 10-year treasury yield rises. 

The S&P 500 futures are wavering in the narrow range of 2680-2697 in Asia. 

The stock markets regained some poise yesterday, although experts stand divided on whether it is a dead cat bounce or a beginning of another leg higher towards record highs. 

For now, things seem to have calmed down, however, the 10-year treasury yield is on the rise again, trading up by three basis points at 2.80 percent. The recent high stands at 2.885 percent. A break higher may put pressure on the equities.