Steep Decline in US 2-Year Treasury Yield

In a dramatic turn of events, the US 2-year Treasury note yield plummeted to its lowest point since September 2022 early Monday. This significant drop is part of a broader global financial downturn, fueled by escalating trade tensions after President Donald Trump announced a new series of tariffs.

Market Reactions and Yield Movements

By 3:46 am ET, the 2-year note had seen the most substantial decrease among major maturities, dropping 20 basis points to 3.46%. Concurrently, the 10-year Treasury yield decreased by 7.5 basis points to 3.914%, and the 30-year yield experienced a slight decline of 1.9 basis points, settling at 4.372%.