10-Year Treasury Note futures fell from a 6.5-month high as yields rose.

The 10-Year Note futures traded lower today, coming off a six-and-a-half-month closing high from the previous session. Price action pushed the contract back into the middle of the 113 handle, currently priced at 113-15 in the futures market. Driving factors include shifting economic projections and repositioning ahead of the highly anticipated CPI data release tomorrow. The selling pressure was more pronounced on the back end of the curve, leading to the 10-Year yield increasing 5 basis points to 400 basis points. Yields were higher across the entire curve, resulting in a slight steepening of the curve by 1 to 1.5 basis points.