Treasury yields opened higher today before reversing to close at the lows of the day at 4.25% after a strong 2-Year t-Note auction. The auction saw its highest bid-to-cover of the year, which pushed yields lower. Volatility has been moving higher despite the downward move in yields, a trend that has been steady since last week's year-to-date lows. Tomorrow's calendar includes a 2-Year Floating Rate Note auction and a 5-Year T-Note auction.