Steep Decline in US 2-Year Treasury Yield

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

Market Reactions and Yield Details

As of 3:46 am ET, the 2-year note led the declines among major maturities, with a sharp fall of 20 basis points to 3.46%. Not far behind, the 10-year Treasury yield decreased by 7.5 basis points to 3.914%, and the 30-year yield saw a modest slip of 1.9 basis points to 4.372%.