On the back of fears over North Korea, a dovish Fed, and the monstrous hurricane bearing down on Florida, the yield on ten-year Treasuries dropped a whopping 10 bp yesterday. The Fed made new dovish comments about inflation, which bolstered worries about the slowing pace of interest rate hikes. FINSUM : The North Korea situation is really looming over markets right now, as are concerns over the implications of Fed dovishness.