Todd Colvin of Mark IV Brokerage discusses the recent price action in interest rates as 10-Year note yields hit a new year-to-date high of 4.74% before reversing to close near the key 4.70% level. He highlights how the CVOL index tracked this movement, with volatility easing as yields pulled back. Finally, he outlines key events for Wednesday, including a 16 billion 20-Year auction and the release of the July FOMC minutes.