2-Year Treasury Note futures rose while the yield curve steepened.

Interest rate markets saw buying pressure on the short end of the curve, with 2-Year Note futures trading higher for a second consecutive session to reach 104'12. Market participants continued to evaluate pre-holiday data showing a moderating labor market and inflation figures that came in below expectations. While the front end of the curve found support, the back end saw selling pressure, moving yields higher for the 10-Year, 20-Year, and 30-Year notes. This resulted in a steepening of the yield curve, with the 2-Year 10-Year spread widening to 65 basis points.