US 10-year Treasury yield falls to 5.08%, CLS reports
In short
The US 10-year Treasury yield fell to 5.08% on October 15, CLS reported. Its latest brief put the decline at 11 basis points.
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CLS reported at 17:47 on October 15 that the US 10-year Treasury yield had extended its decline, falling 11 basis points to 5.08%. A subsequent summary at 18:01 described an intraday drop of ten basis points to the same level, a nearly three-week low. [ 16 , 17 ]
The later summary said the five-year yield fell more than six basis points to near 4.93%, while two-year and 30-year yields fell eight and six basis points respectively. Earlier, on October 13, CLS, 36Kr and Jiemian reported the 10-year yield down five basis points to 5.1935% and the 30-year yield down four basis points to 5.5546%. [ 3 , 4 , 5 , 17 ]
Why it matters
CLS said Treasury prices continued rising as yields fell across maturities. Its later summary described the 10-year yield as reaching a nearly three-week low.