10-Year Treasury yields return to 5% ahead of FOMC meeting.

10-Year Treasury yields rose to end the week, returning to the 5% level after a 16 bps drop on Thursday. Despite the Friday bounce, the 10-Year yield posted its lowest weekly close in a month, down 30 bps over the last three weeks. The CME Group CVOL Index pulled back slightly after a broad volatility spike on Thursday, finishing the week higher overall. Markets are now looking ahead to a data-heavy week, featuring Wednesday's FOMC rate decision and press conference, followed by the PCE index, GDP data, and Treasury auctions on Thursday.