U.S. 10-year Treasury yield falls nearly 2 basis points to 4.93%

  • The U.S. 10-year Treasury yield fell nearly 2 basis points to 4.93% on Tuesday after briefly rising.
  • Oil prices declined for a fifth consecutive session as hopes for a diplomatic solution to the conflict with Iran strengthened.
  • Investors awaited ADP employment data and Fed officials’ speeches after the central bank raised rates last week for the first time since 2023.

The U.S. 10-year Treasury yield fell nearly 2 basis points to 4.93% on Tuesday after briefly rising, as oil prices declined for a fifth consecutive session and renewed hopes for a diplomatic solution to the conflict with Iran eased inflation concerns. Investors also awaited weekly employment data from ADP and speeches by Federal Reserve officials. Treasury yields have generally declined since the Fed raised rates last week for the first time since 2023, despite a more hawkish policy tone and expectations for at least one additional rate hike this year.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.