Add as a preferred source on GoogleU.S. 10-Year Treasury Yield Posts First Daily Reading Below 5% Since Sept. 22
The benchmark stood at 4.96%, down 17 basis points from Wednesday, as technology stocks fell and French borrowing costs rose.
The U.S. 10-year Treasury yield fell to 4.96% in its Thursday daily reading, its first daily reading below 5% since Sept. 22, as technology shares slid and demand for government bonds rose.
The daily par yield fell 17 basis points, to 4.96% from 5.13% on Oct. 21. It uses indicative bid-side quotations collected near 3:30 p.m. ET (19:30 UTC) and is interpolated, so the figure does not represent the yield on one specific 10-year note.
The Nasdaq Composite fell 2.6% Thursday, and the S&P 500 lost 1.2% as investors weighed the returns on heavy artificial intelligence investment. France’s 10-year bond yield reached 5.07% at 11:30 a.m. ET (15:30 UTC), its highest level in 24 years.
“Treasuries are benefiting from France’s deteriorating debt dynamics and bond market turmoil,” said Michael Pedroni, CEO of Highland Global Advisors and a former Treasury official.
The benchmark’s Oct. 16 reading was 5.09%.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.