Morning Note - May 7, 2021

Good Morning!

Futures are up small as we await the jobs report. 10-yr yield is up slightly to 1.57%. Optimism for a higher than expected print is fueling global risk-on sentiment. Commodities are stronger, led by base metals, as USD is weaker with increased risk sentiment. Bond yields in the longer end of the curve are higher, though real yields are mixe…