US Treasury Yields Fall After Fed and ECB Hold Rates Steady
The 10-year Treasury yield dropped to 4.988% as the Fed and ECB kept rates unchanged, according to Market Talk, while futures price in a December hike.
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what happened
US Treasury yields dropped after the Federal Reserve and the European Central Bank left their policy rates unchanged. Market Talk reports that the 10-year yield fell 0.056 percentage point to 4.988%, ending a four-day climb. The two-year yield slid 0.077 point to 4.654%, its second straight daily decline.
US indicators still point to firm growth and elevated inflation. LSEG data shows futures markets pricing in a rate increase in December. A WSJ consensus expects third-quarter US employment costs to cool slightly, while the October Chicago Business PMI is seen dipping to 56 from 58.8.
why it matters
A drop in yields means bond prices rise. However, futures already bet on a December hike, so the upcoming employment cost and PMI readings will matter for how long the bond rally lasts.
market impact
US Treasuries: lower yields support bond prices
- US Treasuries pressure up — yields fell after the Fed and ECB held rates unchanged
tags
instruments
sources
- Treasury Yields Fall Following Major Central Banks' Hold — Market Talk, 29 October 2026 at 19:45 UTC
- Treasury Yields Fall Following Major Central Banks' Hold — Market Talk, 29 October 2026 at 19:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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