10-year Treasury yield falls to near one-month low as recession fears intensify

U.S. Treasury yields were mixed on Friday as investors continued to assess the risk of an economic downturn. The yield on the benchmark 10-year Treasury note was trading marginally lower at 2.972%, paring losses after falling to 2.941% earlier in the session — its lowest level since June 6. Meanwhile, the yield on the 30-year Treasury bond rose 3 basis points to 3.158%. The 2-year Treasury rate, which is typically more sensitive to U.S. monetary policy changes, was down around 2 basis points at 2.912%. The 2-year note reversed some of its losses after falling to a one-week low of 2.895%.
Source: CNBC