10-year Treasury yields shifts lower after crossing 4% in previous session

Published On Oct 8, 2024, 2:03 AM

Treasury yields in the U.S. declined slightly after the 10-year Treasury yield briefly exceeded 4%, hitting its highest level in over two months. As of Tuesday, the 10-year yield was reported at approximately 3.998%, showing a decrease from the previous day's peak. This movement in yields comes amid expectations of further guidance on interest rates from policymakers, following stronger labor market data and the ongoing Federal Reserve rate-cutting campaign.