10-Year Treasury yields test 24-year highs ahead of October refunding.

Todd Colvin analyzes the recent surge in 10-Year Treasury yields as rates touch their highest levels since 2002. Yields rallied to 5.34% to start the week, marking higher highs in eight of the last nine sessions, defying a buoyant stock market and easing geopolitical tensions in the Middle East. Colvin highlights that market volatility continues to move in tandem with yields, reaching nine-month highs. Traders now turn their focus to Tuesday's economic data, including ADP employment and trade balance numbers, alongside the start of the October refunding which brings $58 billion in 3-Year notes.