10-Year Treasury Falls Below 4.5%

An article on CNBC

U.S. Treasury yields fell on Wednesday as Brent crude prices fell to levels not seen since before the Iran war began as concerns over heightened inflation eased.

The yield on the 10-year U.S. Treasury note, the key benchmark for U.S. government borrowing, declined more than 8 basis points to 4.406%.

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, shed more than 5 basis points to 4.148%. The longer-dated 30-year Treasury bond yield moved more than 8 basis points lower to 4.859%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

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