- The 10-year Treasury yield fell as low as 5.038%, its lowest intraday level in three weeks, and was on pace for its largest one-day decline since 2024.
- The 10-year German Bund yield hit an intraday low of 3.352%, its lowest in more than five weeks, according to LSEG.
- The decline follows a steep bond selloff that sent yields to their highest level in 24 years the prior week.
- Investors shifted focus from inflation toward concerns that high borrowing costs will weigh on the economic outlook.
Quotes
“The 10-year Treasury yield fell as low as 5.038%, its lowest intraday level in three weeks and on pace for its largest one-day decline since 2024.”