10-Year Treasury Note futures rallied on Tuesday, reaching a one-month closing high as cooling inflation data sparked buying pressure. U.S. Producer Price Index (PPI) figures for April came in below expectations for both headline and core numbers, serving as a primary catalyst for lower yields. The 10-Year Treasury yield fell 4.5 bps to 4.25%, with similar downward moves observed across the curve from the two-year to the 30-year maturities. Beyond economic data, geopolitical developments provided further support for the bond market. Ongoing diplomatic efforts in the Middle East have influenced trader sentiment, contributing to a second consecutive session of higher price action for Treasury futures.