"Treasury Yields Dip Below 4% Amid Fed Evaluation and Economic Data"

The 10-year Treasury note yield fell below 4% due to factors including news from the Treasury Department, weak regional bank earnings, and signs of a cooling labor market. Investors sought the safe-haven asset amid concerns about the banking sector and market optimism that the Federal Reserve may cut interest rates. Additionally, the Treasury Department's quarterly refunding report indicated lower-than-expected supply of longer-term bonds, alleviating concerns about debt absorption and further pushing yields lower.