| The 2-year yield dropped more than 2 bps to 3.80% while the 30-year Treasury yield was up more than 1 basis point at 4.91%.
The yield on the 10-year Treasury fell to 4.31% from 4.35% late Monday and from 4.44% at the end of last week. That’s a significant move for the bond market. The yield on the 10-year Treasury was at just 3.97% in late February, before worries about high oil prices pushed traders to erase bets for cuts to interest rates by the Federal Reserve this year.
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