Todd Colvin breaks down recent price action in 10-Year Treasury Note yields, which reversed an earlier decline to rally 6 basis points above 4.65%. Colvin discusses how rising oil prices and ongoing Middle East uncertainty continue to serve as a key catalyst for bond yields. He also looks at the CVOL Index, noting a slight uptick in volatility over recent sessions while remaining lower on the week. Finally, Colvin outlines upcoming economic catalysts, including the July employment report, the New York Fed 1-year inflation gauge, next week's inflation data, and the Jackson Hole Economic Symposium later in August.