10-Year Treasury Note yields moved higher during Tuesday's session, settling at 4.17% but failing to breach the critical 4.20% resistance level. The market remains confined within a well-defined range of 4.10% to 4.20%, with many recent settlements clustering near the 4.15% midpoint. Traders are looking toward upcoming data releases, including ADP employment, JOLTS, and the ISM Services Index, as potential catalysts to break the current range. While the CVOL index has been trending higher since hitting multi-year lows in late December, volatility nudged lower today despite the two basis point increase in yields. All eyes remain on Friday's employment report for further direction.
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