Todd Colvin discusses the recent price action in 10-Year Treasury yields, noting a rebound to near 4.70% that reversed Wednesday's decline. Despite recent bond buyback announcements from the Treasury, the market focus remains on underlying inflation and demand dynamics. Colvin also highlights a slight uptick in the CVOL index as volatility nudges higher alongside yields. Looking ahead, markets await Friday's S&P Global PMI data, with attention quickly turning to next week's highly anticipated Jackson Hole Symposium for further policy clues.