The bellwether 10-year Treasury remained stable at 3.62% on Wednesday. Overnight it firmed one basis point to 3.61%. The two-year note currently yields 0.84% and the 30-year offers 4.67%. Equity futures offer no direction this morning while the market ignores developments in Bahrain and Libya and looks forward to fresh data on inflation, the labor market, and a series of outlooks from Federal Reserve officials including chairman Ben Bernanke. S&P 500 futures are down 0.8 points from a 32-month high to 1,332.20, while Dow futures are trading 2 points lower at 12,250. The S&P 500 has roughly doubled for its March 2009 low, but remains 17% below its all-time high in October 2007, say economists at BMO Capital Markets. Commodity prices are mixed. Light crude oil is 0.34% down at $84.70…(read more)