Today in the interest rate markets, 10-Year Treasury Note yields moved higher early in the session as the market absorbed Friday's strong employment report following a holiday closure. However, yields eventually reversed course, moving lower to close near 4.33%. Despite the slight drop in yields, market volatility nudged higher, reflected in the CVOL index, driven by ongoing geopolitical risks in the Middle East. Looking ahead, traders are preparing for a busy Tuesday featuring the ADP employment change report, durable goods data, and a $58 billion three-year Treasury auction.
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