The 10-year yield has jumped higher after the US hit Iran with military strikes over the weekend again.
The 10-year yield has jumped higher, which makes a certain amount of sense, given that the yields have jumped to the 4.6% level after the weekend saw an escalation of attacks on the Iranians by the Americans. Short-term pullbacks in the yield should open up the possibility of the risk appetite picking up, but keep in mind that this is a market that has shown consistently higher interest rates, and as a result, that does have a bit of an effect on certain assets.