10-Year Note futures climbed to a two-week closing high.

Interest rate markets moved higher today, with 10-Year U.S. Treasury Note futures rallying toward a two-week closing high. The bond market found strong support following an announced ceasefire extension in the Middle East, which improved market sentiment on the inflation front and pressured WTI Crude Oil futures down to multi-month lows. In the cash market, the 2-Year yield slipped 2 bps to 4.46%, with similar buying pressure seen across the middle of the yield curve from the 1-Year to the 10-Year maturities. In contrast, the longer end of the curve remained relatively unchanged, giving up early session gains as the curve adjusted to shifting geopolitical dynamics.