The US 10-year Treasury note yield dropped to 4.29% on Friday, continuing its decline from the previous session as investors assessed the economic and interest rate outlook following the Federal Reserve's recent decision.
US 10-year yield falls to 4.29% after Fed cut
The Fed's 25 basis point rate cut, announced yesterday, was in line with expectations. Chair Jerome Powell indicated that while another rate cut in December is possible, it has not yet been decided, and the election results will not influence near-term policy. Markets have a nearly 71% chance of a further 25bps reduction in December. Attention now turns to updates on Trump’s economic plans and next week’s CPI and PPI data.
US 10-year yield hits 4-month high after Trump’s victory
On Wednesday, the yield spiked to a four-month high of 4.4% after Trump’s decisive presidential victory, with expectations that his policies—such as increased tariffs, tax cuts, and deregulation—will boost growth and inflation.
