Todd Colvin discusses the recent moves in the U.S. 10-Year Treasury yield, noting its pullback from the 5% level to close near 4.95%. Colvin highlights a late-session bond rally that pushed yields lower, a move that diverged from expectations given the stronger-than-expected Q3 GDP and higher PCE inflation readings. He also analyzes the corresponding drop in market volatility, as measured by the CVOL index, and looks ahead to Friday's key data releases and the return of Fed speakers.