The US 10-year yield is up again in early Wednesday trading, with the overall risk appetite situation in flux again.
The US 10-year yield is up a little bit, which is not a huge surprise considering that the Iranians launched missiles at a US base last night and therefore people are starting to worry about the situation in the Middle East yet again. That being said, it’s worth noting that we bounced at the 4.60% level, an area that’s been important multiple times. With elevated rates, it will have an influence on the US dollar and other assets that we must keep an eye on for the day.