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Skip Navigation BREAKING EU opens infringement proceedings against X 10-year Treasury yield slip further after Fed’s ‘big shift’ * watchlive CREATE FREE ACCOUNT Markets * Pre-Markets * U.S. Markets * Europe Markets * China Markets * Asia Markets * World Markets * Currencies * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Industrials * Retail * Wealth * Sports * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Equity and Opportunity * Europe Politics * China Politics * Asia Politics * World Politics CNBC TV * Live Audio * Latest Video * Top Video * CEO Interviews * Europe TV * Asia TV * CNBC Podcasts * Digital Originals Watchlist Investing Club * Trust Portfolio * Analysis * Trade Alerts * Meeting Videos * Homestretch * Jim’s Columns * Education * Subscribe * Sign In PRO * Pro News * Pro Live * Stock Screener * Market Forecast * Options Investing * Subscribe * Sign In Menu * Make It * select * ALL SELECT * Credit Cards * Loans * Banking * Mortgages * Insurance * Credit Monitoring * Personal Finance * Small Business * Taxes * Help for Low Credit Scores * Investing * SELECT * All Credit Cards * Find the Credit Card for You * Best Credit Cards * Best Rewards Credit Cards * Best Travel Credit Cards * Best 0% APR Credit Cards * Best Balance Transfer Credit Cards * Best Cash Back Credit Cards * Best Credit Card Welcome Bonuses * Best Credit Cards to Build Credit * SELECT * All Loans * Find the Best Personal Loan for You * Best Personal Loans * Best Debt Consolidation Loans * Best Loans to Refinance Credit Card Debt * Best Loans with Fast Funding * Best Small Personal Loans * Best Large Personal Loans * Best Personal Loans to Apply Online * Best Student Loan Refinance * SELECT * All Banking * Find the Savings Account for You * Best High Yield Savings Accounts * Best Big Bank Savings Accounts * Best Big Bank Checking Accounts * Best No Fee Checking Accounts * No Overdraft Fee Checking Accounts * Best Checking Account Bonuses * Best Money Market Accounts * Best CDs * Best Credit Unions * SELECT * All Mortgages * Best Mortgages * Best Mortgages for Small Down Payment * Best Mortgages for No Down Payment * Best Mortgages with No Origination Fee * Best Mortgages for Average Credit Score * Adjustable Rate Mortgages * Affording a Mortgage * SELECT * All Insurance * Best Life Insurance * Best Homeowners Insurance * Best Renters Insurance * Best Car Insurance * Travel Insurance * SELECT * All Credit Monitoring * Best Credit Monitoring Services * Best Identity Theft Protection * How to Boost Your Credit Score * Credit Repair Services * SELECT * All Personal Finance * Best Budgeting Apps * Best Expense Tracker Apps * Best Money Transfer Apps * Best Resale Apps and Sites * Buy Now Pay Later (BNPL) Apps * Best Debt Relief * SELECT * All Small Business * Best Small Business Savings Accounts * Best Small Business Checking Accounts * Best Credit Cards for Small Business * Best Small Business Loans * Best Tax Software for Small Business * SELECT * All Taxes * Best Tax Software * Best Tax Software for Small Businesses * Tax Refunds * SELECT * All Help for Low Credit Scores * Best Credit Cards for Bad Credit * Best Personal Loans for Bad Credit * Best Debt Consolidation Loans for Bad Credit * Personal Loans if You Don’t Have Credit * Best Credit Cards for Building Credit * Personal Loans for 580 Credit Score or Lower * Personal Loans for 670 Credit Score or Lower * Best Mortgages for Bad Credit * Best Hardship Loans * How to Boost Your Credit Score * SELECT * All Investing * Best IRA Accounts * Best Roth IRA Accounts * Best Investing Apps * Best Free Stock Trading Platforms * Best Robo-Advisors * Index Funds * Mutual Funds * ETFs * Bonds * USA * INTL Search quotes, news & videos Watchlist SIGN IN Create free account 10-year Treasury yield slip further after Fed’s ‘big shift’ * watchlive CREATE FREE ACCOUNT Markets Business Investing Tech Politics CNBC TV Watchlist Investing Club PRO Menu Bonds 10-YEAR TREASURY YIELD SLIP FURTHER AFTER FED’S ‘BIG SHIFT’ Published Mon, Dec 18 20233:04 AM ESTUpdated 23 Min Ago Katrina Bishop@KatrinaBishop WATCH LIVE ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In this article * US10Y-0.032 (0.00%) * US2Y-0.04 (0.00%) Follow your favorite stocksCREATE FREE ACCOUNT The 10-year Treasury note yield slipped further on Monday, as the final full trading week of 2023 gets underway. Traders continue to digest the unexpectedly dovish tone of the U.S. Federal Reserve last week. The central bank held its key interest rate steady and revealed that policymakers were penciling in at least three rate cuts next year — marking a more aggressive series of cuts than what was previously hinted. The yield on the 10-year Treasury was 3 basis points lower at 3.9%. On Thursday, the yield fell below the 4% level, hitting its lowest since July. The 2-year Treasury yield eased by 3 basis points to 4.421%, below the closely watched 4.5% level. Yields and prices move in opposite directions. One basis point equals 0.01%. TREASURYS TICKER COMPANY YIELD CHANGE US1M U.S. 1 Month Treasury5.3930.011 US3M U.S. 3 Month Treasury5.4470.057 US6M U.S. 6 Month Treasury5.3770.039 US1Y U.S. 1 Year Treasury5.0310.067 US2Y U.S. 2 Year Treasury4.415-0.04 US10Y U.S. 10 Year Treasury3.896-0.032 US30Y U.S. 30 Year Treasury4-0.027 Deutsche Bank strategists on Monday described the Fed’s move as a “big shift” from the higher-for-longer narrative. “But the big question is now when these rate cuts might happen, and on Friday we had some mild pushback from Fed officials against the market excitement,” they said in an early note. It comes after New York Fed President John Williams told CNBC’s Steve Liesman on Friday: “We aren’t really talking about rate cuts right now.” Stock Chart IconStock chart icon U.S. 10 Year Treasury RT Quote | Exchange 3.896%-0.032 Yield | 6:25 AM EST WATCHLIST+ Quote Details 10-year yield this week “Meanwhile, Atlanta Fed President Bostic said ‘I’m not really feeling that this is an imminent thing’, and that they wouldn’t need to cut rates until Q3. So markets actually lost a bit of momentum on Friday,” the Deutsche strategists added. TV Squawk BoxWATCH LIVEWATCH IN THE APP UP NEXT | Squawk on the Street 09:00 am ETListen Trending Now 1. The best — and worst — countries to retire in Europe 2. The No. 1 most affordable place to retire in 2024—it’s not in Florida 3. North Korea fires ICBM after condemning U.S. ‘war’ moves 4. Stock futures rise after major averages rally for seven consecutive weeks 5. Harvard career expert: 3 red flags of ‘highly insecure’ people at work—and how to deal with them by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links FROM THE WEB URUHIME MOMOKO Bulk buying rush at Japan Donki, 40s women face changedURUHIME MOMOKO Learn More Undo BuzzDaily Winners Discover a Gaming World Without BoundariesBuzzDaily Winners Click Here Undo * Subscribe to CNBC PRO * Subscribe to Investing Club * Licensing & Reprints * CNBC Councils * Supply Chain Values * CNBC on Peacock * Join the CNBC Panel * Digital Products * News Releases * Closed Captioning * Corrections * About CNBC * Internships * Site Map * Ad Choices * Careers * Help * Contact * * * * * * * NEWS TIPS Got a confidential news tip? We want to hear from you. Get In Touch ADVERTISE WITH US Please Contact Us CNBC NEWSLETTERS Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. 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