10-Year note futures fell on tight labor data. 6/30/26

Dan Deming of KKM Financial analyzes the recent price action in 10-Year note futures, noting a second consecutive session of selling pressure that pushed contracts below the 110 handle. Deming highlights the impact of recent job openings data, which held steady around 7.6 million, indicating a tighter-than-expected labor market. This unexpected strength served as a catalyst to drive Treasury prices lower and yields higher across the curve. Deming also points out the steepening of the yield curve, with back-end yields climbing five to six bps compared to smaller moves on the short end, as the market looks ahead to the upcoming Non-Farm Payrolls report on Thursday. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/interest-rates.html #Treasuries #InterestRates #FuturesTrading