The U.S. 10-year Treasury yield hit a multiyear low in overnight trading on Monday, but later returned to near break-even levels, after President Donald Trump’s shifting tone on the U.S.’s recent broadside of tariffs against China whipsawed equity and bond markets.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, -0.88% was mostly unchanged at 1.525%, after touching its lowest level since 2016 at 1.44%, only 12 basis points away from their all-time low. The 2-year note rate TMUBMUSD02Y, -0.29% was down 0.8 basis point to 1.521%, while the 30-year bond yield TMUBMUSD30Y, -0.57% fell 1.3 basis points to 2.011%. Debt prices move in the opposite direction of yields.