10-Year note futures test low end of range as yield curve steepens.

KKM Financial's Dan Deming analyzes today's interest rate markets, noting that 10-Year note futures are moving lower toward the bottom of their recent range, priced around 108'14. Driving factors include ongoing concerns about debt structure and elevated geopolitical tensions in the Middle East. Deming highlights the steepening yield curve, with the 30-year yield hitting its highest level since 2007, while the 2-year yield remains largely unchanged amid pronounced selling pressure on the longer-dated Treasuries.