US 10-Year Yield Falls to 3-Month Low
2026-02-26 15:07
By
Andre Joaquim
1 min. read
The yield on the 10-year US Treasury note fell toward 4.03% on Thursday, the lowest in three months, amid robust demand for the safety of Treasuries and a higher preference for longer-maturity notes and bonds.
Global markets pivoted to US Treasuries amid lingering uncertainty on US economic policy after President Trump threatened 15% tariffs under the Section 122 balance of payment economic emergency, but passed a lower 10% level.
Concerns of geopolitical instability also supported sovereign bonds as the US delegation started nuclear talks with Tehran.
The yield on the 10-year note fell despite evidence of sticky inflation and a stable labor market, driving rate traders to push back expectations of the Federal Reserve's first rate cut this cycle to July.
Still, Treasuries in the shorter end of the curve underperformed as the supply of bills continued to increase, despite the Federal Reserve's purchases of short-term securities to maintain reserve balances ample.