What Could Shake Up the 10-Year Treasury Yield
2025-07-01 15:58:08
The 10-year Treasury yield forms the basis of rates around the world, and it has moved decisively lower. Economic and labor market data this week will help decide where it goes next.
For the first time since May 1, the 10-year yield has pushed below 4.2% this morning. Rates have declined more than 0.350 percentage point this year as traders expect the Federal Reserve to cut rates, while inflation so far has shown no evidence of picking back up.
At 10:00 a.m. Eastern, traders will get an update on the health of the U.S. manufacturing sector along with the JOLTS report. Both will help traders set their expectations for a rate cut on July 30, and in turn impact the level of bond yields. So far, the market believes the lower the interest rates, the lower the 10-year yield.
