In a medium mixing bowl, combine the mayonnaise, honey, Dijon mustard, and yellow mustard.
Whisk the mixture vigorously until the ingredients are fully emulsified and the texture is smooth.
Incorporate the lemon juice and cayenne pepper, whisking briefly to distribute evenly.
Transfer the sauce to a non-reactive container and seal tightly.
Refrigerate for at least 30 minutes prior to service to allow the flavors to mature.
Store refrigerated for up to 14 days.