The yield on the 10-year Treasury, a benchmark government bond, has fallen below 4 percent.
Despite this year’s volatility, especially during the tariff-driven springtime upheaval, the 10-year yield has been on a steady downward trajectory—achieving one of the Trump administration’s goals.
The 10-year Treasury yield declined to 3.97 percent during the Oct. 21 trading session, down 83 basis points since the mid-January peak of 4.8 percent.
Other long-term yields have also eased in recent weeks.
After exceeding the 5 percent threshold this past summer, the 20- and 30-year yields have fallen to around 4.55 percent. Year to date, they are down by more than 50 basis points….