10-Year Note futures fall as 10-Year yield hits 2026 high.

Dan Deming of KKM Financial analyzes the interest rate markets, noting that 10-Year Note futures traded lower for a second consecutive session to 108'07, nearing their lowest closing level of 2026. Deming highlights that Treasury buyback activity and global debt concerns continue to influence market expectations, with yields in Japan reaching record highs. The 10-Year Treasury yield rose 4 basis points to 474 basis points, matching its highest level of the year, while yields across the entire curve climbed 4 to 5 basis points.