Higher rates should cause a bit of noise in the markets, as we see a bit of fluctuation.
The US 10-year yield is rising a bit in the early part of the trading session, and that could cause a little bit of risk avoidance. We’ll just have to watch this. The 50-day EMA sits at the 4.428% level and is curling down. We’ll see whether or not we break above there. If we do, that could be a bad sign. If we just get a little bit of a bounce here and start to roll over, that’s to be expected.