10-Year Note futures traded higher after hitting a three-week closing low in the previous session. The market found support following ISM manufacturing data that came in below expectations, specifically within the prices paid component, which signaled easing inflationary pressure. This shift in sentiment led to buying pressure across the entire yield curve, with the 10-Year yield falling two basis points to 4.17%. While the 2-Year and 10-Year yield spread remained at the top of its recent range at 71 basis points, the overall trend saw yields moving lower from short-dated bills to long-dated bonds.