The 10-Year Treasury Note yield closed higher today, finishing near 4.42% and marking its first close above the 4.40% level since last summer. Todd Colvin of Mark IV Brokerage notes that four Treasury auctions—ranging from 2-Year to 7-Year notes—met with poor demand this week, indicating that investors are seeking higher yields to compensate for rising risks. Market participants are closely monitoring geopolitical developments in the Middle East, which has driven the CVOL index to near one-year highs. Looking ahead, the focus shifts to tomorrow's University of Michigan Sentiment data and the Kansas City Services Index, followed by month-end positioning and the March jobs report next Friday.