Steep Decline in 2-Year Treasury Yield

The yield on the US 2-year Treasury note plummeted to its lowest point since September 2022 early Monday, marking a significant moment in the current financial landscape. This dramatic drop is part of a broader global financial downturn, exacerbated by escalating trade tensions following the latest tariff announcements from President Donald Trump.

Market Reactions and Comparisons

By 3:46 am ET, the 2-year note's yield had fallen sharply by 20 basis points to 3.46%, outpacing declines in other major maturities. In contrast, the 10-year Treasury yield saw a more modest decrease of 7.5 basis points to 3.914%, while the 30-year yield edged down by 1.9 basis points to 4.372%.