TREASURY YIELDS RETREAT, WITH THE 10-YEAR YIELD HOVERING NEAR ITS HIGHEST LEVEL SINCE JANUARY 2025
U.S. Treasury yields retreated on Friday after briefly hitting the highest level since January 2025 the day before, when Brent crude oil’s climb above $100 per barrel reignited inflationary fears.
●The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down one basis point at 4.693%. On Thursday, it had risen above 4.7%, the highest level since Jan. 15, 2025, before the start of President Donald Trump’s second term.
â—ŹThe 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, pulled back almost 2 basis points to 4.333%. The longer-dated 30-year Treasury bond yield was flat.
One basis point equals 0.01%, and yields and prices move inversely to one another.
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