Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Treasury yields fluctuated Tuesday in a holiday-shortened trading session ahead of the Christmas holidays.
The performance on 10-year Treasury it was steady at 4.594% after gaining 3 basis points to 4.613%, hitting its highest level since May 30. The reference rate rose 6 basis points on Monday. He 2-year treasury It was also little changed at 4.341%, after rising 3 basis points in the previous session.
One basis point is equivalent to 0.01%. Yields move inversely to prices.
Tuesday will likely be a quiet day for US financial markets, given the early close at 1 pm ET for stock trading. The bond market stops its activity at 2:00 p.m.
The markets will remain closed on Wednesday for the Christmas holidays.
The benchmark 10-year yield jumped 13 basis points last week after the Federal Reserve lowered rate cut projections, indicating just two more interest rate cuts remain ahead in 2025, down from four cuts. potentials that had been pointed out in September.
