US Treasury Yields Are Falling: What This Means for the Economy

Tariff-driven recession talk is sending U.S. Treasury yields to their lowest levels since December.

The New York Stock Exchange (NYSE) stands on Wall Street on March 5, 2025. Spencer Platt/Getty Images

Wall Street and the Trump administration are not waiting for the Federal Reserve to restart its monetary policy easing cycle to lower interest rates.

U.S. Treasury yields have been sinking since hitting a peak in the middle of January. The benchmark 10-year yield has erased nearly 60 basis points, falling to a four-month low of 4.23 percent.