U.S. bond yields declined during Friday's trading, with long-term debt yields retreating from their highest level since October 2023, as investors focused on the tax bill that is expected to widen the fiscal deficit.
The yield on 2-year Treasury notes — the most sensitive to changes in monetary policy — fell by 1.2 basis points to 3.987% as of 12:14 PM Mecca time.
Meanwhile, the yield on 10-year bonds dropped by 3.8 basis points to 4.515%, and 30-year bond yields declined by 4.5 basis points to 5.019%
