Futures off about half a percent as bond yields march higher


S&P 500 (SPY) futures -0.5%, DJIA -0.4%, and Nasdaq 100 (QQQ) -0.65% as Cisco dives following last night's soft guidance and job cut announcements, and ahead of Wal-Mart earnings and a big slate of economic reports and more words from the Fed's Bullard.

Europe's moderately lower and Asia fell overnight.

Treasury yields are on the march higher, the 10-year right around its YTD high at 2.73%.

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