TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 2 TICKS LOWER AT 110-31+

The settlement of T-note futures lower suggests a risk-off sentiment may be influencing market dynamics, likely tied to upcoming economic data releases, such as the ISM Manufacturing and retail sales reports. This shift could imply adjustments in rate expectations, impacting both the pricing of treasuries and overall fixed income sentiment ahead of these data points.