US 10-Year Yield Hits 17-Month Low
2026-03-02 00:53
By
Jam Kaimo Samonte
1 min. read
The yield on the US 10-year Treasury note fell to around 3.93% on Monday, marking its lowest level since September 2024 as the escalating Middle East conflict drove demand for safe-haven bonds.
The US and Israel carried out military strikes on Iran over the weekend that resulted in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, and the effective closure of the Strait of Hormuz.
Tehran retaliated by targeting US assets across the region, raising fears of a broader conflict.
Meanwhile, data on Friday showed US producer prices rose more than expected in January, indicating companies are passing tariff costs to consumers and complicating the path for Federal Reserve rate cuts.
Still, markets are pricing in two 25-basis-point rate cuts this year amid speculation that the recent market turmoil could push the central bank toward easing monetary policy.