10-Year Treasury yields moved sharply lower, closing at 5.08% and marking the largest two-day high-to-low move of 2026. The drop comes despite stronger-than-expected retail sales and hotter inflation data, which typically push yields higher. Volatility metrics, including the CVOL Index, rose alongside the falling yields, signaling increased market uncertainty. Looking ahead, market focus shifts to Friday's industrial production data, remarks from the Fed Chair in Bangkok, and potential weekend event risks.