10-Year T-Note futures fell ahead of Warsh's first FOMC.

Todd Colvin of Mark IV Brokerage discusses the recent price action in 10-Year T-Note futures and the broader interest rate environment. Yields have moved lower, touching 4.43 and dropping roughly 13 basis points since late last week. Colvin attributes some of this downward momentum to the recent Middle East peace deal. However, he notes that yields still remain approximately 50 basis points higher than late February levels prior to the U.S. and Iran conflict. Additionally, Colvin highlights the CVOL Index, showing that volatility is trending lower alongside yields. Looking ahead, market attention shifts to upcoming retail sales, housing data, and the June FOMC meeting, which will feature Kevin Warsh's first press conference as the new Fed Chair.