2-Year T-Note futures slide as labor data pushes yields higher.

Dan Deming of KKM Financial reviews the Treasury market as 2-Year T-Note futures face selling pressure following the latest labor data. Deming notes that average hourly earnings are driving yields higher, particularly across the front end of the curve, leading to a flattening effect. The U.S. 2-Year Treasury yield reached 4.40%, climbing four basis points from the previous session's lows. Looking ahead, market participants will turn their focus to next week's CPI inflation report, alongside several Fed speeches that could drive further price action.