10-Year T-Note futures trade sideways in a tight inside day range.

In today's interest rate markets, 10-Year T-Note futures experienced sideways price action, settling into an inside day with a tight peak-to-trough range. A notable lack of major economic data points and Fed speak left the market largely contained, adopting a wait-and-see attitude ahead of upcoming data releases. While 10-Year T-Note futures traded near the lower end of their recent range around 111'09, the 10-Year yield remained relatively unchanged near 429 bps, sitting at the top end of its recent range. The short end of the yield curve saw a slight sell-off, pushing yields higher by about 1.5 bps, but overall volatility remained low across the interest rate quadrant.