10-Year T-Note futures rallied 1.5 points to a 1-month high.

10-Year T-Note futures rallied nearly a point and a half off previous-session lows, trading back above the 106 handle to reach a one-month high on increased volume. Dan Deming of KKM Financial analyzes the flight to safety across the Treasury complex, driven by heavy selling pressure in U.S. equities-particularly within the artificial intelligence sector-and broader portfolio repositioning. Benchmark yields dropped sharply across the curve, with the 10-Year Treasury yield falling 20 bps to 4.95% alongside declines of 16 to 20 bps stretching from the 2-Year out to the 30-Year.