Todd Colvin of Mark IV Brokerage analyzes the U.S. 10-Year Treasury yield as it reverses lower to 4.94%, shaking off a 25 bps rate hike from the Federal Reserve. After rallying in the days prior to the FOMC meeting, the 10-Year yield took back 9 bps, dropping sharply back below the 5% mark. Colvin also highlights the CME Group CVOL Index, noting that volatility declined in tandem with yields. Looking ahead, markets await key industrial production and capacity utilization data, as well as comments from Fed speakers exiting their communication blackout.