The US 10-year yield dropped a bit in the early part of the Friday session, as we look to see if risk appetite returns.
The 10-year yield is the first place I am looking at here on Friday, and we are seeing the yields drop a bit. So that, at least in theory, could be a good sign for risk appetite. We’ll just have to wait and see. That being said, it looks like 4.6 % is a little bit of a barrier. And I think we will continue to see a lot of questions asked about whether or not we can continue to go to the upside here as far as rates are concerned.