I am trying to get more into treasuries - in particular options on 10 year notes because the IV is juicy at the moment thanks to orange man and China. However, I am having trouble wrapping my head around current events. First, bond prices move opposite of yields so we'd expected yields to raise as people leave the bond market feeling safe. So as for the recent decline, this makes sense because orange man hasn't tweeted anything controversial in literally a week and there is now hopeful sentiment that we will resolve our disputes with China. Reading the newswire today I saw the following articles: I am new to trading financial futures and derivatives on them so I only have a very simple, mostly theoretical, understanding of them. Could someone explain to me how these sales are driving prices in the 10 year down considering they are in 3 year and 52 week notes? You'd think the glut of new bonds would drive down yields, driving prices of futures on these bonds higher. What do they mean treasury offerings will be put up against corporate offerings with higher yields? How does this drag on prices? What other fundamentals should I be tracking on these to make sure I see the "full picture" of the 10 year futures?