10-Year Treasury Note futures watch yields approach 4.40%.

10-Year Treasury Note yields moved higher, closing near 4.39% and approaching the key 4.40% threshold. This upward movement tracked alongside a recovery in oil prices, demonstrating a tandem relationship amid ongoing geopolitical uncertainty in the Middle East. Volatility also increased in step with rising yields, as reflected in the CVOL Index. Looking ahead to Friday, market participants are heavily focused on the release of the April employment report, which is expected to be the primary catalyst for the week. Additional Friday data points include the University of Michigan sentiment report and scheduled remarks from Federal Reserve speakers, while traders continue to monitor pre-weekend geopolitical headlines.