10-Year Treasury Note yields moved lower today, reversing much of the move seen yesterday that rallied yields close to 4.16%. The yields closed lower at 4.09%, down over 7 basis points on the session. Despite the lower yields, volatility has been moving higher most of this week, marking higher volatility in 3 out of the last 4 days, following a year-to-date low after last Friday's close. Upcoming data includes the University of Michigan sentiment, which features one- and three-year inflation expectations, as well as the New York Fed one-year inflation expectations and consumer confidence later in the afternoon.
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