10-Year T-Note futures traded at one-week lows.

10-Year T-Note futures traded at a one and a half week low as prices remained under pressure for a second consecutive session. Yields on the 10-Year Treasury Note rose to 406 bps, although they remained below the intraday high of 412 bps. The entire yield curve shifted higher, with the short end seeing increases of 1.5 to 2 bps. Market participants focused on rising energy costs and potential inflation impacts stemming from elevated WTI Crude Oil futures. Upcoming labor data is expected to be a key driver for treasury markets in the coming days.