Traders work on the floor of the New York Stock Exchange (NYSE) on September 29, 2026 in New York City. Spencer Platt | Getty ImagesUSA Treasury yields fell on Tuesday, moving away from multi-decade highs, as oil prices retreated. The benchmark 10-year Treasury yield fell more than 4 basis points to 5.262% after hitting its highest level since April 2002 on Monday. The 30-year Treasury yield fell more than 3 basis points to 5.631%, after rising to levels not seen since May 2002. The 2-year Treasury yield fell 4 basis points to 5.262%. 4.793%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. The declines came as oil fell, with Brent crude down less than 1% to around $100 a barrel and West Texas Intermediate futures falling less than 1% to around $89 a barrel. Treasury yields soared on Monday. 10- and 30-year bonds hit 24-year highs after new data from the Institute for Supply Management showed a cooling in services growth. The PMI reading rose to 54.9 in September, roughly in line with expectations but just below August growth, while the price index rose 1.4 points to 74. Traders are now pricing in a roughly 80% chance that the Federal Reserve will keep rates unchanged at its next meeting, according to CME Group’s FedWatch. tool.The event of the week will be the release of the FOMC minutes from its September meeting on Wednesday, which investors will pore over for clues about future monetary policy.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
