2-Year T-Note futures moved higher for a second consecutive session, reaching a one-week closing high. Dan Deming of KKM Financial analyzes the primary drivers behind the move, specifically the de-escalation of geopolitical tensions in the Middle East and its impact on WTI Crude Oil futures and inflation sentiment. The 2-Year Treasury yield fell 7 bps to 387 bps, while buying pressure remained concentrated in the belly of the curve. Deming discusses the shift in market sentiment and how the Federal Reserve may interpret the recent price action.