Traders work on the floor of the New York Stock Exchange (NYSE) on September 29, 2026 in New York City.
Spencer Pratt | Getty Images
U.S. Treasury yields fell on Tuesday on a rebound in oil prices, down from multi-decade highs. Investors were also keeping an eye on the release of the minutes of the Federal Reserve’s last meeting.
benchmark 10 year treasury The yield last fell 3 basis points to 5.281% after reaching its highest level since April 2002 on Monday. of 30 year treasury The yield fell just under 3 basis points to 5.637% after rising to its highest level since May 2002. 2 years treasury Bond yields fell less than 2 basis points to 4.816%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Brent crude oil was trading 2% lower at $98.05 a barrel. West Texas Intermediate futures fell 2.3% to $87.47.
U.S. Treasury yields briefly spiked on Monday, with the 10-year and 30-year hitting 24-year highs after the latest data from the Institute for Supply Management showed growth in cooling services.
The September PMI index rose to 54.9, in line with expectations but slightly below August’s growth, while the price index within Services ISM rose 1.4 points to 74.
Traders are currently pricing in a 78% chance that the Fed will leave interest rates unchanged at its next meeting, according to CME Group’s FedWatch tool.
The highlight of the week will be Wednesday’s release of the September FOMC minutes, which investors will closely analyze for clues about future monetary policy.
