Jim Iuorio discusses the "excellent" demand in bonds through the 10-year Treasury auction. The U.S.-Iran war, paired with international bond moves, lead Jim to believe yields will persistently maintain upward momentum. He explains how several macro factors will keep Treasury yields top of mind for investors and the impact they have on equities. A surge in global liquidity adds to Jim's bull case for Treasury yields. He turns to SpaceX (SPCX) and ways the company's low-band spectrum license gives them much more muscle in the space stock race.