10-year Treasury yield dips below 3% after Powell says interest rates are near neutral
The yield on the benchmark 10-year Treasury note dipped under 3 percent Thursday morning after Federal Reserve Chairman Jerome Powell said he believes interest rates are close to a neutral level. The yield on the 30-year Treasury bond slipped to 3.311 percent and the 2-year inched lower to 2.794 percent. Following Powell's comments on Wednesday, short-term Treasury yields came under pressure.