The US 10-year yield is still elevated in the US, and markets are still having to navigate the random words of a few world leaders.
The US 10-year yield is drifting a little bit lower in early trading, but the 4.60% level continues to be support. We’ll have to watch this one really closely. It does have a pretty significant influence on a lot of other markets most of the time, and therefore it’s one of the first things I check is to see how interest rates in general are behaving. It looks like we are still in a state of flux here.