10-Year T-Note futures settled inside the previous range.

Yields across the curve opened the session with downward pressure, reaching a low of 4.15 percent before the market reversed course to trade higher. By the close, yields returned to the 4.20 percent level, finding a familiar home within the established trading range that has defined price action since January 16. The initial move lower was largely attributed to a combination of softer labor market data released earlier in the week and a broader sell-off in risk assets, which funneled capital into the safety of debt instruments. Notably, this session marked the 14th time in the last 15 days that yields settled within the 4.20 to 4.30 percent corridor. While the CVOL index from CME Group indicated a decrease in daily volatility, the week-over-week trend remains elevated. Looking to the upcoming calendar, investors face a dense slate of data, including rescheduled jobs reports on Wednesday and CPI on Friday, alongside significant supply coming via the 3-year, 10-year, and 30-year U.S. Treasury auctions.