Higher US yields not yet denting US equity futures- check out the S+P 500 opening call

Looking back at the last two updates noting the rise and fall in Gold and the further push higher in the USD/JPY, there is one driver that should have been mentioned here in both those moves, Well, it is being mentioned now and it is the push higher in US yields once more. That means the markets are selling bonds and that sends yields higher. The US 2 Year note has reached 4.79% now today from an earlier low at 4.72%. The one thing this has not really impacted yet is the US equity futures. One might think that somewhat strange, but it is always Gold and the Yen that are the most sensitive to rises and falls in US yields. That said, it could have an impact on stocks at some point this afternoon, if the push higher in yields continues. Right now the S+P 500 future is a little off earlier session lows, but not markedly so. The index is currently priced to reopen in around 20 minutes, slightly higher at around 5,470