Futures up 1% on signs of movement in budget standoff

|By:, SA News Editor

Stock index futures are ahead by 1% on signs of movement in the budget/debt ceiling standoff, with House GOP leaders preparing to head to the White House today. A WSJ editorial by Rep. Paul Ryan yesterday laid out a framework for a temporary increase in the budget cap.

Europe's up about 1.5% and Asia was moderately higher overnight.

Locked in a tight range in the low-to mid 2.60s for the last couple of weeks, Treasury yields break out to the upside with the 10-year up 5 bps to 2.71%.

Index ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDBDIA, DDM, UDOW, DXD, SDOW, DOGQQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE.