2/10-Year Treasury Yields Fell Over 3 Basis Points on Tuesday; 2-Year Treasury Yield Rose Approximately 42 Basis Points in March

At the New York close on Tuesday (March 31), the benchmark 10-Year Treasury Yield fell 3.16 basis points to 4.3166%, accumulating a 37.91-basis-point rise in March. It had reached 4.4819% before the US stock market opened on March 27 and recorded a cumulative rise of 14.96 basis points for the first quarter, after being at 3.9223% at the beginning of the Asia-Pacific session on March 2 and subsequently trending higher.

The 2-year Treasury yield fell 3.49 basis points to 3.7930%, accumulating a 41.81-basis-point rise in March. It had reached 4.0248% in early European trading on March 27 and saw a total first-quarter increase of 31.99 basis points, after falling to 3.3586% on March 2 and then trending higher.

In March, the 20-year Treasury yield rose 36.06 basis points to 4.9111%; the 30-year Treasury yield rose 29.95 basis points to 4.9101%.

The 3-year Treasury yield accumulated a 43.90-basis-point rise to 3.8155%; the 5-year Treasury yield rose 44.11 basis points to 3.9427%; and the 7-year Treasury yield climbed 43.18 basis points to 4.1281%.

The 10-year Treasury Inflation-Protected Securities (TIPS) yield accumulated a rise of 32.81 basis points, while the 2-year TIPS yield fell 2.99 basis points; the 30-year TIPS yield rose 31.61 basis points.