Steep Decline in Treasury Yields

In a startling financial development, the US 2-year Treasury note yield has plummeted to its lowest point since September 2022. This significant drop was recorded early Monday, amidst a worldwide financial downturn sparked by escalating trade tensions. These tensions have been fueled by the latest imposition of tariffs by President Donald Trump.

Market Reactions

By 3:46 am ET, the 2-year note's yield had sharply decreased by 20 basis points, landing at 3.46%, marking the most notable fall among major maturities. Concurrently, the 10-year Treasury yield saw a reduction of 7.5 basis points to 3.914%, and the 30-year yield experienced a slight dip of 1.9 basis points to 4.372%.