Todd Colvin breaks down the start-of-week rise in 10-Year Treasury yields as rates touched 4.97% before closing near 4.96%. With the 10-Year yield staying below the 5% mark for the first time in five sessions on lighter volume, Colvin examines the subdued reaction in the CVOL index, which remained largely unchanged despite the climb in yields. Finally, he outlines Tuesday's critical events, including the latest Philly Fed non-manufacturing data release, an upcoming $69 billion 2-Year Treasury Note auction, and remarks from Fed officials emerging from their blackout period.