Morning Note | May 20, 2022

Good Morning!

Futures are poised to open higher with a nice 1%+ rebound this am. The 10-yr yield is at 2.87%, far from the 3.18% highs of the cycle. Despite the rebound, markets are set for their 8th straight down week in a row. There is some news that a deal may be made between the US and China to reduce/eliminate tariffs that have been in place the las…