![Treasury 10-year_1214](https://firstmetro.com.ph/wp-content/uploads/2023/12/Treasury-10-year_1214.jpg)
- 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