The US 10-year Treasury yield fell 0.14 percentage point over the week to 4.96% on Oct. 22, according to the Federal Reserve Bank of St. Louis's FRED database.
The decline brought the yield back to its Sept. 22 level, leaving it unchanged over the month. All four Treasury maturities tracked here had lower yields than a week earlier.
The three-month Treasury bill yielded 4.22%, the two-year note yielded 4.65% and the 30-year bond yielded 5.29% on Oct. 22, according to the central bank's data. The difference between 10-year and two-year yields was positive at 0.31 percentage point, while the 10-year breakeven rate was 2.32% and the inflation-indexed yield was 2.64%.
The 30-year yield fell 0.14 percentage point from 5.43% on Oct. 15, matching the weekly decline in the 10-year yield. Both longer-term yields returned to their levels a month earlier, when the 30-year stood at 5.29%.
The two-year yield fell 0.12 percentage point over the week from 4.77%. It also ended below its Sept. 22 level of 4.71%, a monthly decline of 0.06 percentage point.
The three-month yield fell 0.06 percentage point from 4.28% a week earlier, the smallest weekly decline among the four maturities. It was the only one above its month-earlier level, rising 0.06 percentage point from 4.16%.
The positive difference between 10-year and two-year yields meant the longer maturity offered a higher yield. That gap narrowed by 0.02 percentage point over the week from 0.33 percentage point, as the 10-year yield fell more than the two-year yield.
The gap nevertheless widened by 0.06 percentage point from its Sept. 22 level of 0.25 percentage point. That monthly change reflected the lower two-year yield, with the 10-year yield unchanged.
The 10-year breakeven rate, the difference between nominal and inflation-indexed Treasury yields, held at 2.32% over the week. It fell 0.01 percentage point from 2.33% a month earlier.
The 10-year inflation-indexed yield, the yield on Treasury debt whose principal adjusts with inflation, fell 0.14 percentage point over the week. It stood at 2.78% on Oct. 15, before dropping to 2.64%.
That decline matched the weekly fall in the nominal 10-year yield, leaving the breakeven rate unchanged. Over the month, the inflation-indexed yield rose 0.01 percentage point from 2.63%, while the nominal yield finished at the same level.
