The 10-Year Treasury Note yields finished the week near 4.25%, remaining unchanged on the session but marking a significant move higher for the week. Yields initially climbed as high as 4.30% after breaking out of a six-week range. Global influences were a primary driver as Japanese government bonds reached new all-time highs, though strong domestic auction demand eventually helped yields drift lower. The CME Group CVOL index indicated that volatility ended the week higher, although it remained roughly unchanged compared to the previous Friday close. Market participants prepared for a busy schedule including consumer confidence data and auctions for 2-Year, 5-Year, and 7-Year notes. The primary focus for the upcoming week is the January FOMC meeting, where the Federal Reserve is not expected to cut rates, but the post-meeting statement and press conference will be closely monitored.