10-Year T-Note futures drop as hawkish Fed officials drive selling pressure.
10-Year T-Note futures traded lower, dropping below the 106 handle to multi-year lows near 105'26. The selling pressure follows a shift toward a more hawkish tone from Fed officials discussing policy post-meeting, as markets continue to digest the recent 25 bps rate hike. Meanwhile, the U.S. 10-Year Treasury yield clim