It was a volatile trading period yesterday, with an abysmal Empire state manufacturing survey initially keeping markets in check before traders brushed that aside and reacted to Fed Waller's remarks here. At the end of the day, yields settled higher and that underpinned the dollar while weighing on risk sentiment. It was a squeeze of sorts across the board but broader markets could perhaps take in some comfort that bonds did not cross a key line in trading yesterday:10-year yields in the US continue to hold just below its 200-day moving average (blue line) at 4.081% and the 23.6 Fib retracement level at at 4.075%, at least for the time being. That is still helping to limit the squeeze in bro
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