---
title: "US yields are continuing the move lower with the 10 year down around 10 basis points"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287094861.md"
description: "The US 10-year yield has decreased by 10 basis points to 4.57%, following a high of 4.687% yesterday. Since May 7, yields have risen by 37 basis points. A decline in yields is favorable for interest-sensitive sectors. The 30-year yield is down to 5.11%, while the two-year yield is at 4.05%. The US Treasury will auction $16 billion in 20-year bonds today. The mortgage market shows a smaller increase in rates compared to yields, with the 30-year mortgage currently at 6.36%."
datetime: "2026-05-20T16:07:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287094861.md)
  - [en](https://longbridge.com/en/news/287094861.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287094861.md)
---

# US yields are continuing the move lower with the 10 year down around 10 basis points

The US 10 year yield is down around 10 basis points at 4.57%. The high yield reached 4.687% in trading just yesterday. So there is good news on the dip. The not so good news is that since May 7, the yield moved up from 4.316% to the high yesterday 4.687%, a gain of 37 basis points.

Nevertheless, any move lower in yields is likely to be welcomed by sectors and investors that are sensitive to higher interest rates.

Technically, the 10-year yield has now moved back below its rising 100-hour moving average at 4.580%, tilting the near-term bias more to the downside. If yields can remain below that level and extend beneath the 38.2% retracement of the rally from the May 7 low at 4.545%, traders would then start targeting the next key support cluster. That area includes the 50% midpoint of the same move, the rising 200-hour moving average, and the natural psychological support near the 4.50% level.

The 30 year yield is currently down around seven basis points to 5.11%. The 5% level is a key target. The two year yield is down seven basis points to 4.05%. The 4% level would be a level of interest for traders to get to and through.

Later today, the US treasury will auction off $16 billion of 20 year bonds.

The good news for the mortgage market is that the recent move higher in yields is not unnecessarily being reflected in the 30 year mortgage rate. The 10 year low in 2026 was at 3.93% and is currently at 4.584% a gain of 65 basis points. In comparison, the 30 year mortgage reached a low at 5.98% this year and is currently at 6.36% for a gain of 38 basis points.

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