U.S. Treasury yields tumbled on
Friday and the benchmark 10-year note fell the most since
COVID-19 roiled markets in March 2020, as investors priced in
the likelihood the Federal Reserve will force inflation down to
near its target rate.
The breakeven rate on longer-dated inflation-protected
bonds, which measures the difference with the yield on nomina
U.S. Treasury yields tumbled on
Friday and the benchmark 10-year note fell the most since
COVID-19 roiled markets in March 2020, as investors priced in
the likelihood the Federal Reserve will force inflation down to
near its target rate.
The breakeven rate on longer-dated inflation-protected
bonds, which measures the difference with the yield on nominal
Treasury debt, fell to nine-month lows.
The yield on 1