The U.S. 10-Year Treasury yield moved lower early in Tuesday's session before reversing to close at 5.22%, down two basis points on the day. Despite the dip in yields, the CVOL index remained largely unchanged, reflecting muted volatility in the rates market. Trade continues to consolidate within the 5.20% to 5.30% range as the market coils ahead of key fundamental catalysts. Investors now look toward Wednesday's CPI report and the release of the Fed's Beige Book, followed by remarks from Fed Chair Kevin Warsh on Thursday evening. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/interest-rates.html #Treasuries #InterestRates #Inflation