1253 ET - A holiday-shortened session leaves U.S. treasury yields lower than at the start of the week. Earlier this week, bonds rallied, pushing down yields, on comments from Fed Chair Jerome Powell that traders interpreted as dovish, and on hopes that the conflict in Iran could turn out to be less inflationary for the U.S. economy than previously feared. On Friday, however, yields retraced some of that move, climbing after a much-better-than-expected March jobs report. In general, with relatively little volatility in rates, "the bond market in the last year and a half is signalling that the U.S. economy is just really resilient," State Street's Jennifer Bender tells WSJ. The benchmark 10-year yield finishes at 4.344%, down from 4.439% last Friday. The 2-year yield this week declined to 3.85% from 3.915% a week ago. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
April 03, 2026 12:53 ET (16:53 GMT)
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