MonetarioWatch · Fri 2 Aug 2024
Long-term US bond yields fell
US 10-year yield went from 3.99 to 3.8 percent on 2 Aug (-0.19 pp).
- Rate
- 3.8 percent
- Change
- -0.19 pp
- Date
- Fri 2 Aug 2024
- Source
- FRED (Federal Reserve Bank of St. Louis)
pp = percentage points: the difference between two percentages (3.2% → 3.8% = +0.6 pp).
US 10-year yield, last 6 months
percent
What it means
Long-term US government bond yields fell — mortgage and corporate borrowing costs tend to ease.
Written in advance by Monetario, the same for every similar move. The numbers come from the data below.
The data behind it
US 10-year yield went from 3.99 to 3.8 percent on 2 Aug (-0.19 pp).
Source: FRED (Federal Reserve Bank of St. Louis) · updated 18 Oct 2026, 14:00 UTC
Educational information, not investment advice.
Earlier moves
Who it affects
Financials
Usually hurtsBanks earn less on the gap between what they charge borrowers and what they pay savers.
A small cut while the economy is doing fine can bring more borrowing, which softens the hit.
Tech
Usually helpsLower rates make profits expected far in the future worth more today, which helps fast-growing companies.
If rates are cut because the economy is in trouble, worry about the economy can matter more.
Real Estate
Usually helpsCheaper loans make property easier to buy and worth more.
Utilities
Usually helpsTheir steady dividends look better next to lower interest on savings and bonds, and their large debts cost less.
Broad market
Usually helpsLower rates raise what investors pay for future profits across the whole market.
ETF treated as one group, approximate.