Treasury yields moved lower on Monday as investors continue to weigh the domestic inflation and interest rate backdrop against broader geopolitical developments.<\/p>\n
Yields on 10-year U.S. Treasurys<\/a> \u2014 the main benchmark for mortgages, auto loans and credit card debt \u2014\u00a0fell more than 2 basis points to 5.0729%.<\/p>\n The yield on longer-dated 30-year U.S. Treasurys<\/a> \u2014 which often moves on geopolitical developments \u2014 was also 2 basis points lower at 5.4122%.<\/p>\n The yield on the 2-year Treasury note<\/a>, which more closely follows short-term Federal Reserve rate decisions, was broadly flat at 4.7273%. <\/p>\n One basis point equals 0.01%, or 1\/100th of 1%, and yields and prices move inversely to one another.<\/p>\n The moves lower come despite inflation concerns continuing to loom over the U.S. economy.<\/p>\n Last week’s strong inflation data<\/a> from the Bureau of Labor Statistics saw wholesale prices rise 6.3% annually last month \u2014 the biggest jump since 2022 \u2014 with consumer costs up 3.7% annually in September, beating estimates.<\/p>\n Meanwhile, energy prices<\/a> fell Monday as investors continued to weigh the possibility of more Russian crude supply coming onto the market. U.S. West Texas Intermediate futures<\/a> for November delivery were down 2.05% at $99.33 per barrel. Brent crude<\/a>, the global oil price benchmark, dropped 2.65% to $106.99.<\/p>\n