Treasury futures faced downward pressure to start the week as the benchmark 10-Year yield moved north of 4.5% for the first time since early June. Yields climbed roughly 5 bps on the session, holding a higher range despite recent overseas developments and bringing the CVOL index up alongside them. Traders now look ahead to a busy Tuesday session, bracing for the ADP employment report, global PMI releases, and a massive 69 billion 2-Year note auction to kick off the week's supply.
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