U.S. Treasury yields dropped on Friday as investors digested a wave of economic data and the Federal Reserve's most recent interest rate decision. The 10-year Treasury yield, a key benchmark for mortgages and other loans, fell 5 basis points to 4.933%. The 30-year Treasury yield declined 3 basis points to 5.293%, while the 2-year Treasury yield, closely tied to short-term Fed policy, decreased 6 basis points to 4.589%.
The declines came amid a broader market reaction to corporate earnings reports and political developments. Amazon shares fell 7% in premarket trading, and Intel plummeted 25% following their earnings releases. Meanwhile, Wall Street is bracing for potential Democratic gains as the 2026 midterm election approaches.
Economic growth in the Euro zone also slowed to 0.4% in the third quarter, with crisis-hit France contracting. This data, along with the Fed's rate decision, contributed to the cautious sentiment among investors.