US 10-Year Treasury Note Yield Falls to 2-Week Low

2026-05-07 13:00 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note fell for a third consecutive session to 4.32% on Thursday, the lowest level in about two weeks, continuing to benefit from lower oil prices, which helped ease inflationary pressures and reduced expectations for a more hawkish monetary policy stance.

Investors continued to monitor developments in the Middle East and awaited Iran’s response to a US proposal that would gradually reopen the waterway and lift the American blockade on Iranian ports.

At the same time, attention is turning to the US jobs report due tomorrow, which is expected to provide further insight into labor market conditions.

Markets currently see the Fed holding interest rates steady through the end of the year, while the probability of a 25bps rate cut in September or October stands at around 20%.



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