US 10-Year Treasury Yield Falls From July-Highs
2026-05-05 15:17
By
Joana Taborda
1 min. read
The yield on the US 10-year Treasury note edged down to 4.42% on Tuesday, after rising by around 6bps to its highest level since July 2025 in the previous session.
The decline came as oil prices fell nearly 4%, following a sharp spike on Monday.
Traders continue to monitor developments in the Middle East, where a ceasefire appears to be holding after the US and Iran exchanged fire, with the UAE also becoming involved.
US Defense Secretary Pete Hegseth added that two US commercial vessels transited safely through the Strait of Hormuz with military support, providing some temporary relief over concerns about further escalation.
Market participants also digested fresh economic data.
The ISM Services PMI indicated a slowdown in services activity, while job openings came in slightly above expectations.
Meanwhile, the US Treasury said on Monday it now expects to borrow $189 billion in the second quarter, $79 billion more than projected in February.