Excepting the periphery, Europe is moderately higher. Spain (EWP) -0.4%, Italy (EWI) -0.9%. Asia was nicely higher overnight, particularly the Nikkei which continues a major move, now up about 6% for the week.
The 10-year Treasury yield is up one basis point to 2.72% ahead of Janet Yellen's confirmation hearing. Her prepared remarks released last night were of little surprise - the best way to a more normal policy in the future is unusually easy policy now.