Todd Colvin discusses the latest movements in the rates market. 10-Year Treasury Note yields opened the week moving lower, assisted by remarks from the Fed Chair. Despite higher oil and energy prices blurring short-term views, the Fed Chair indicated that long-term inflation expectations remain intact. This pushed yields down 15 bps from Friday's highs to close at 4.32%. Concurrently, the CVOL index showed volatility moving down alongside yields for a second consecutive session, though yields remain elevated compared to a month ago. Traders are now looking ahead to Tuesday's economic data, including the Chicago PMI, Consumer Confidence, and JOLTS, along with further commentary from Fed speakers.