A sustained rise in inflation breakevens is the single largest threat to global risk assets. Fortunately, breakevens have turned lower recently.
"Inflation" in funding currency countries needs to go up more (or at all) to seriously threaten the FX carry trade on a permanent basis
Oil is at critical levels. Will a break higher spur the inflation required to upset risky assets?
Monthly resistance for US 10 year yields is at 4.95% - 5.0% . A break could get very, very ugly from a technical perspective