10-Year Treasury note yields drifted lower after an initial push above the 4.30% level, ultimately seeing buyers return to force a third consecutive close below that threshold. The move coincided with the month's final refunding efforts, highlighted by a mediocre 30-year auction. Following a strong 3-year auction earlier in the week, the weaker demand for the 10-Year and 30-year auctions suggests interest in the back end of the curve is waning. Meanwhile, interest rate volatility continues to contract; the CVOL index has moved steadily lower over recent weeks, reaching its lowest point since mid-March. Market attention now pivots to Friday's key economic data, including the latest CPI print, University of Michigan consumer sentiment and inflation expectations, and final durable goods figures, all of which could impact Treasury futures and broader interest rate pricing.