Treasury Yields Hit New Lows Amid Holiday Trading
The 10-year Treasury yield fell to its lowest level since late October, dropping to 4.219% on a holiday-shortened trading day. This decline comes amid a quiet day for U.S. data following Thanksgiving, with the bond market closing early. Earlier in the week, the Federal Reserve's preferred inflation measure rose slightly, and unemployment claims fell, indicating labor market strength. The Fed's meeting minutes suggested a gradual lowering of interest rates if economic conditions remain stable, though potential tariff hikes by President-elect Trump could impact inflation and Fed policy decisions.
