TREE NEWS reports: The US 10-year benchmark Treasury yield fell 9.22 basis points to 4.9304% in late New York trading on Thursday, September 17, the day after the Federal Reserve’s September rate hike, trading between 5.0062% and 4.9283%. It dropped below the 4.9323% low touched when the Fed announced the hike and its dot plot signaled one more increase in 2026. The two-year yield fell 7.18 basis points to 4.6641%.
US 10-Year Treasury Yield Falls 9 Basis Points to 4.93% After Fed Rate Hike
The move is notable because yields fell after a hike, and the 10-year broke beneath the low set when the Fed delivered both the increase and a dot plot pointing to another in 2026. The front end easing less than the long end implies the curve steepened rather than a clean dovish repricing. Whether that steepening reflects growth or term-premium concerns, and whether it persists, is the open question.
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