Bonds & Rates
Treasury yields back off as stocks rally
Longer-dated yields slip, while bond proxies and credit funds stay under pressure.
Treasury yields move lower across the curve. The 5-year Treasury yield falls 1.35% to 4.4, the 10-year drops 1.24% to 4.686, and the 30-year declines 0.83% to 5.231. All three sit above their 50-day and 200-day averages.
Bond ETFs are mostly softer. TLT slips 0.07%, while LQD drops 0.13%, HYG loses 0.21%, and MUB falls 0.18%. That leaves fixed income broadly weaker even as yields pull back.
The move suggests a day of lower rate pressure without a clean rally in duration. The yield curve remains elevated, and the 10-year and 30-year are still above their long-term trend lines.