Interest rate markets experienced selling pressure as 10-Year T-Note futures traded lower to close out the week, settling around the 111'02 level. Market participants weighed mixed U.S. economic data, balancing softer-than-expected inflation metrics against shifting consumer sentiment. While headline CPI printed at 0.9 and core CPI came in at 0.2—both below analyst expectations—the initial positive tone was offset by a decline in consumer confidence and rising inflation expectations. Consequently, the yield curve shifted higher across the board, with the 10-Year yield rising 2 bps to stabilize near 431 bps. 10-Year T-Note futures ultimately maintained a sideways trading pattern for the third consecutive session.
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