• Treasury 10-year note yield drops below 4% for the first time since August as markets price in a start of
    Federal Reserve rate cuts.
  • Yield falls as much as 2bps to 3.9995%. It dropped 18bps on Wednesday after Fed held target rate and forecast three reductions for 2024
  • Read: Fed Pivots to Rate Cuts as Inflation Heads Toward 2% Goal