10-Year yields finish 8 bps higher as Fed holds steady.

10-Year Treasury yields finished the week 8 bps higher, ending near 4.38% after a volatile Friday session. The week was defined by a more hawkish tone from the Federal Reserve following Wednesday's FOMC meeting, where officials signaled a continuation of current policy without immediate plans for rate adjustments. While first-quarter GDP and PCE data were also released, their impact remained secondary to the Fed's stance. Volatility tracked through the CVOL index rose ahead of the FOMC meeting but retraced from its mid-week peak, though it remains elevated compared to the prior week. Market participants are now shifting their attention to a heavy slate of labor market data next week. Key reports include ADP, JOLTS, Challenger Job Cuts, and initial jobless claims, all leading up to Friday's highly anticipated non-farm payroll report.