KKM Financial's Dan Deming analyzes the recent pullback in 10-Year Treasury Note futures, which fell today after coming off a seven-session closing high. Deming details how geopolitical tensions in the Middle East and WTI Crude Oil futures holding near monthly highs around $80 are fueling inflation concerns and putting selling pressure on Treasury markets. Additionally, hawkish remarks from Federal Reserve speakers and in-line retail sales data contributed to the sell-off. Deming breaks down the yield curve, noting that the 10-Year Treasury yield rose 2 bps to 265.5 bps, with the short end of the curve seeing the strongest selling pressure as yields climbed across the board.