December 10-Year T-Note futures traded down to 106'000 during a holiday-shortened session, pointing to higher implied yields as markets continued to digest hotter-than-expected CPI data and hawkish rhetoric from Federal Reserve officials. Pricing across interest rate futures reflected growing expectations for policy tightening at the December FOMC meeting, with market-derived probabilities solidifying around a 25 bps hike alongside emerging odds for a 50 bps move. Meanwhile, CVOL held largely unchanged with the cash Treasury market shuttered for Veterans Day. Market attention now turns to Thursday's 30-Year Treasury bond auction, initial jobless claims data, existing home sales figures and multiple scheduled appearances by Fed policymakers.