10-Year T-Note futures experienced a recovery from early selling pressure, holding the 111 handle and trading higher in three of the past four sessions. Price action was supported by recent remarks from Federal Reserve officials, who indicated a potential path for lower interest rates later in the year. These comments helped temper short-term concerns surrounding inflation and Middle East tensions, bringing equilibrium back to the market after yields previously climbed to multi-month highs. Across the curve, yields from 2s to 30s moved slightly lower in unison. Traders are now shifting their focus to the upcoming unemployment report, which will be released during an extended holiday weekend when markets are closed, potentially setting the tone for next week.
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