10-Year Treasury Note yield hovered near 4% to close the session unchanged, despite an early spike to 4.04% and a dip to a one-month low of 3.98%. Momentum for lower yields continued as markets repriced the probability of a December interest rate cut to 80%. Interestingly, the CVOL index showed volatility nudged higher even as price action stabilized. Traders now look ahead to next week, when the Federal Reserve enters its blackout period and delayed data, including the preferred PCE inflation gauge, is released.
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