Treasury yields fell on Thursday, giving back some of the recent gains that propelled longer-dated rates to levels not seen in decades. The 10-year Treasury yield breached a level last seen in April 2002, before easing 5 basis points to 5.243%. The 10-year influences rates on mortgage and auto loans and credit card debt. The yield on the 30-year Treasury bond also hit its highest in 24 years before dropping more than 2 basis points to 5.613%.
Read more: CNBC Bonds
