Treasury yields eased helping soften the rise in rates for mortgages and other kinds of borrowing since the beginning of the war that in turn could lessen the pressure on the economy. The yield on the 10-year Treasury fell to 4.32% from 4.39% late Tuesday, though it remains well above its 3.97% level from just before the war.
The yield on the 2-year Treasury note which are more sensitive to short-term Federal Reserve rate decisions was more than 5 bps lower at 3.88%. The 30-year bond yield meanwhile dipped by more than 4 bps, falling to 4.89%.