The higher rates in the US go, the harder it will be for risk appetite to life markets in general.
The 10-year yield in the United States is something I continue to watch very closely. After all, the 10-year yield makes a huge difference in the way that risk appetite will behave around the world. Currently, you do get paid almost 4.4% for a 10-year note, which is part of a trading strategy that a lot of portfolio managers will be watching.