10-Year Treasury Note futures rose today, with yields falling below 4% for the first time since April 7th before closing at 4.02%. The move was driven by a weaker-than-expected jobs report last Friday, mediocre inflation data, and today's jobless claims, which hit a four-year high. Volatility has also moved lower, following the decline in yields. All eyes are now on next week's FOMC meeting where a 25 basis point rate cut is fully priced in, along with expectations for further cuts in October and December. The market will be looking for forward guidance from the Fed.