The yield on the US 10-year Treasury note pared early losses to settle around 4.42% on Friday, as recent data reinforced the view that Fed would need to slow down the pace of rate cuts. The S&P Global Composite PMI rose to 55.3 in November, pointing to the strongest growth in private sector activity since April 2022, with services accelerating and the manufacturing downturn softening. The odds for a 25bps rate cut by the Fed next month currently stand around 55%, below 60% early in the session. Treasury yields have also been supported by expectations that president-elect Donald Trump’s policies - particularly on tariffs, immigration, and taxes - could reignite inflation and limit the Fed's ability to lower borrowing costs.
US 10 Year Note Bond Yield was 4.41 percent on Friday November 22, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Bond Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Bond Note Yield - data, forecasts, historical chart - was last updated on November 23 of 2024.
US 10 Year Note Bond Yield was 4.41 percent on Friday November 22, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Bond Note Yield is expected to trade at 4.38 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.23 in 12 months time.