10-Year Treasury Yield Drops 19.3 Basis Points Amid Supply Concerns
Photo: TokenPost
U.S. Treasury yields fell sharply Oct. 23, led by the 10-year note, as investors reduced risk amid a technology-stock selloff, Middle East tensions, French fiscal risks and doubts about AI returns. The 10-year yield dropped 19.3 basis points to 4.952%, its largest one-day decline since March 2023. The two-year yield fell 18.8 basis points. Investors seeking safer assets may have helped drive the bond rally, while short covering may have amplified it. The move alone did not establish a broad shift toward recession pricing. The rally came as long-term Treasurys faced pressure from federal borrowing. U.S.
Source: TokenPost
