| Treasury yields have been leaping in the bond market since the war began because of such worries but they eased somewhat on Monday.
The 2-year Treasury yield was also lower by more than 8 bps at 3.83%. The yield on the 10-year Treasury fell to 4.35% from 4.44% late Friday. That’s a significant move for the bond market and offers some breathing room for Wall Street but it remains far above its 3.97% level from before the war. The 30-year Treasury bond yield shed more than 7 bps to 4.90%.
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