Yields moved higher during the session, testing the top of a five-week range before closing at 4.18%. Following a nonfarm payrolls report that lowered expectations for a January interest rate cut, the market remained within a range of 4.10% to 4.20%. Volatility rallied from recent lows as yields tested these levels. Market participants are now focused on upcoming CPI data, housing reports, and the 30-Year Treasury auction, alongside a slate of bank earnings.