Equity indexes advanced broadly today, with the Russell 2000 outpacing large-caps and most stocks participating in the move. Treasury yields eased across the curve, with the 10-year falling 10 basis points in a single session after a stretch of higher closes earlier in the week. Credit spreads edged modestly wider over the past five sessions and credit ETFs stayed soft, though the move remained directional rather than spread-driven. Volatility eased into the mid-seventeens with tail-hedge demand continuing to unwind. Market internals stayed narrow when measured over the past month — equal-weighted indexes still trailing cap-weighted ones. The story today sits in the rates layer — the single-session yield relief lifted the broader tape, even as breadth and credit residue from the prior week haven't yet repaired.