The yield on the 10-year U.S. Treasury fell by more than 10 basis points on the "Federal Reserve rate cut day."

Wallstreetcn
2024.11.07 22:21

On Thursday (November 7), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 10.57 basis points to 4.3257%, trading within a range of 4.4512% to 4.3082% during the day.
The yield on the 2-year U.S. Treasury bond decreased by 6.23 basis points to 4.1994%, trading within a range of 4.2783% to 4.1848% during the day.
The spread between the 3-month Treasury bill and the 10-year U.S. Treasury bond yield fell by 11.036 basis points to -22.389 basis points.
The spread between the 2-year and 10-year U.S. Treasury bond yields decreased by 4.133 basis points to +12.428 basis points.
The yield on the U.S. 10-year Treasury Inflation-Protected Securities (TIPS) fell by 7.35 basis points to 1.9585%

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