The yield on the US 10-year Treasury note fell to 4.51% on Friday, after retreating by around 6bps on Thursday, as PCE inflation figures offered investors another relief the Fed still has room to cut rates this year. Core PCE prices slowed in April from March, while the headline monthly and the annual rates steadied, matching forecasts. The odds for an ease this year increased to 50% for September, 63% for November and 82% for December, compared to 49%, 62% and 81% respectively, prior to the release. The bond market has been volatile, with a big bond sell-off seen in the beginning of the week, after 2-,5-,and 7-year auctions saw poor demand and some Fed officials reiterated a hawkish tone. However, a downwardly revised GDP growth and PCE prices for Q1 and a higher-than-expected initial claims number paused the yield rally.
US 10 Year Note Bond Yield was 4.50 percent on Friday May 31, 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 June 1 of 2024.
US 10 Year Note Bond Yield was 4.50 percent on Friday May 31, 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 4.47 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 4.39 in 12 months time.
US 10 Year Treasury Bond Note Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 4.50 | 4.55 | 15.82 | 0.32 | 1912 - 2024 | percent | Daily |
