Treasury futures stabilized as 10-Year yields retraced.

10-Year Treasury yields closed near unchanged at 4.56% after a highly volatile week that saw yields climb as high as 4.68%. This macro price action closely tracked crude oil movements, where a midweek rally lifted yields before a subsequent retreat below $100 a barrel cooled fixed income selling. The CME Group Interest Rate Volatility Index (CVOL) demonstrated elevated volatility levels midweek alongside shifting yields, though vols ultimately finished lower on both the day and the week. Looking to next week, market participants face a dense schedule headlined by the PCE price index, the Federal Reserve's preferred inflation metric. Additionally, the U.S. Treasury will introduce substantial supply with auctions spanning 2-year notes, 2-year floating rate notes, 5-year notes, and 7-year notes, alongside scheduled comments from various central bank speakers.