Steep Drop in Treasury Yields Amid Global Financial Rout

In a dramatic turn of events, the US 2-year Treasury note yield plummeted to its lowest level since September 2022 this Monday. This significant drop is part of a broader global financial downturn, exacerbated by escalating trade tensions following the latest imposition of tariffs by President Donald Trump.

Market Reactions and Yield Movements

As of 3:46 am ET, the 2-year note led the decline among major maturities, with a sharp fall of 20 basis points to 3.46%. Not far behind, the 10-year Treasury yield saw a decrease of 7.5 basis points to 3.914%, while the 30-year yield experienced a slight dip of 1.9 basis points to 4.372%.