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2026-04-04 01:07:06
[US Treasury yields closed lower this week due to shortened trading hours caused by the holiday] State Street stated that US Treasury yields closed lower this week due to shortened trading hours caused by the holiday. Earlier this week, higher bond prices drove yields down, partly due to traders interpreting Federal Reserve Chairman Jerome Powell's comments as leaning towards easing, and partly because the market expected the impact of the Iranian conflict on US inflation to be less severe than previously feared. However, on Friday, yields rebounded after a much better-than-expected March jobs report, recovering some of the previous losses. Jennifer Bender of State Street told the Wall Street Journal, "Overall, the bond market's performance over the past year and a half, against a backdrop of relatively moderate interest rate volatility, suggests that the US economy is indeed quite resilient." The benchmark 10-year US Treasury yield closed at 4.344%, down from 4.439% last Friday; the 2-year US Treasury yield fell to 3.85% from 3.915% a week earlier.
