Treasury yields retreat, 10-year hovers around January 2025 highs
U.S. Treasury yields retreated as oil prices dropped following reports that Pakistan is facilitating potential peace talks between the U.S. and Iran. Despite the dip, markets remain sensitive to Middle East tensions and potential U.S. military escalation.
Why it matters
Fluctuations in Treasury yields and oil prices directly impact consumer borrowing costs and global economic stability.
U.S. Treasury yields slid on Friday as oil prices dropped following a report that Pakistan is exploring a way to restart peace talks between the U.S. and Iran.
The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last down more than 2 basis points at 4.681%. On Thursday, it had risen above 4.7%, the highest since Jan. 15, 2025, before the start of President Donald Trump's second term.
The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, also pulled back more than 2 basis points, to 4.333%. The longer-dated 30-year Treasury bond yield was down less than 1 basis point, to 5.164%.
One basis point equals 0.01%, and yields and prices move inversely to one another.
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