10-Year Treasury Note yields moved lower for a second consecutive session, easing to 4.62% after reaching 4.74% late last week. The 12-basis-point reversal over two sessions comes amidst easing Middle East tensions, pulling yields back from year-to-date highs. CME Group CVOL Index data reflects a similar retreat in volatility, dropping off two-month highs. Looking ahead, market focus turns to upcoming macroeconomic data releases, including the ADP employment report, global PMIs, and the ISM Services Index.
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