Photo: Shoppers in New York City on April 11, 2024. Photographer: Yuki Iwamura/Bloomberg. Shoppers in New York City on April 11, 2024. Photographer: Yuki Iwamura/Bloomberg.

A selloff in U.S. Treasuries paused on Friday, bringing yields down from their highest levels of the year, after a report on inflation allayed concern about a spate of hotter-than-expected price data.

U.S. yields declined as investors interpreted the latest reading of the Federal Reserve's preferred gauge of inflation to support at least one interest rate cut by the end of the year. The two-year rate, more sensitive than longer-maturity tenors to changes by the Fed, retreated back below 5 percent, while the 10-year yield fell as much as 7 basis points (bps), to 4.63 percent.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

News