The yield on the US 10-year Treasury note fell about 5bps to below 4.6% on Friday, as Israel's strike on Iran generated an initial surge in safe-haven asset demand. Still, the yields remain elevated near five-months high amid prospects that the Fed will keep interest rates high for some more time. In fact, the data continues to point to a resilient US economy with initial unemployment claims below expectations halfway through April and the Philadelphia Fed manufacturing gauge soaring to a two-year high. At the same time, inflationary pressures are not over yet, and several policymakers including Chair Powell have been advocating that the central bank needs more confidence on the inflation and is not in a rush to cut the rates. Around 68% of investors bet the first rate cut will happen in September.
US 10 Year Note Bond Yield was 4.60 percent on Friday April 19, 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 April 19 of 2024.
US 10 Year Note Bond Yield was 4.60 percent on Friday April 19, 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 4.11 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 3.85 in 12 months time.