Treasury futures rallied as 10-Year yields dropped 9.5 bps.

Todd Colvin from Mark IV Brokerage breaks down the latest movements in Interest Rate futures as 10-Year note yields fell roughly 9.5 bps to 4.40. The decline in yields comes alongside a drop in WTI Crude Oil futures, which dipped below $70 a barrel amidst ongoing geopolitical developments and peace process tracking in the Middle East. Despite the significant move in 10-Year yields, the CVOL Index showed that market volatility remained notably unchanged. Colvin highlights the lingering uncertainty following the Fed's hawkish shift and looks ahead to crucial upcoming data points, including Thursday's jobless claims, the critical PCE Index, and the week's concluding 7-Year note auction.