(Dec 26): US Treasury yields declined on Friday following Christmas Day to cap off a quiet holiday-shortened week. The yield on 10-year Treasury notes dipped 1.3 basis points (bps) from Christmas Eve's early market close and was last at 4.121%. The two-year US Treasury yield, which typically moves in step with interest rate expectations, was down 3.1 bps at 3.479%. A closely watched part of the yield curve, the gap between two- and ten-year yields, last stood at 64.1 bps. An auction of US$44 billion in seven-year notes on Wednesday was in line with investor demand for previous such auctions.

Source: The Edge Markets December 26, 2025 16:40 UTC