This Tuesday’s bond market profile presents a picture of unusual composure — not because conditions have improved, but because markets appear locked in a holding pattern. Yield moves are narrow, volatility remains subdued, and the curve continues to defy normalcy. But beneath the surface, the signals remain clear: macro risk hasn’t gone away, and the stillness may soon give way to movement.

This is your daily Treasury and bond market heat check — a focused review of how the fixed income market is behaving and what it’s quietly pricing in.