10-Year T-Note futures experienced a notable rebound, trading above the 110'03 handle after hitting 10-month lows over three consecutive lower closes. This upward price action is largely driven by consolidation in the broader energy market. With WTI Crude Oil futures and energy prices plateauing near the $100 level, buying pressure has emerged on the back end of the curve as markets digest recently elevated inflation data. Consequently, underlying yields are shifting. The 10-Year yield declined 1.5 bps to 4.46%, stepping down from recent 10-month highs. This movement is causing a slight flattening of the yield curve. While the front end remains static with the 2-Year holding steady at 400 bps, the middle to back end is seeing increased buying pressure, pushing 20-Year and 30-Year yields down by approximately 3 bps.