I am watching the interest rate markets, and unfortunately, the headlines that seemingly are still all over the place when it comes to the war.
The US 10-year yield is where I start my observation today. It looks like we’re just hovering, and it seems like the last couple of weeks have been all about consolidating between 4.75% and 4.60%. That makes sense to me. We still have a lot of nonsense in the Middle East and uncertainty, and as long as that’s the case, I think a lot of people in the bond market won’t really know what to do.