"US 10-Year Treasury Yields Close 2023 Unchanged After a Turbulent Year"
Despite a year marked by significant fluctuations, the US 10-year Treasury yield ended 2023 nearly where it started, closing at 3.87% compared to the previous year's 3.83%. The yield experienced a low of 3.25% during a regional banking crisis in the spring and a peak of 5.02% during an October debt rout, indicating potential volatility ahead. Other notable changes in the bond curve include a decrease in two-year yields by 11.3 basis points and an increase in 30-year yields by 9 basis points over the year.