The two-year U.S. Treasury yield fell by more than 4 basis points, with reports indicating that Hassett has a clear lead among candidates for Federal Reserve Chair

On Tuesday (November 25), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by 3.07 basis points to 3.9941%, trading within a range of 4.0440%-3.9865% during the day. The yield on the 2-year U.S. Treasury bond fell by 4.44 basis points to 3.4525%, trading within a range of 3.5016%-3.4505% during the day. The 02/10-year U.S. Treasury yield spread rose by 1.781 basis points to +54.148 basis points. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) fell by 3.52 basis points to 1.7449%; the yield on the 2-year TIPS fell by 1.75 basis points to 1.0456%; the yield on the 30-year TIPS fell by 2.94 basis points to 2.4615%