The US 10-year Treasury yield fell 0.03 percentage point over the week to 4.88% on Nov. 9, according to data available through the Federal Reserve Bank of St. Louis.
The decline extended a larger drop from a month earlier. The 10-year yield stood 0.34 percentage point below its Oct. 8 level, while the three-month yield rose over both comparison periods.
The bank's data put the two-year Treasury yield at 4.56% on Nov. 9, down from 4.59% on Nov. 2 and 4.75% on Oct. 8. That represented declines of 0.03 percentage point over the week and 0.19 percentage point over the month.
The 30-year Treasury yield stood at 5.26% on Nov. 9, compared with 5.28% a week earlier and 5.60% a month earlier. Its monthly decline of 0.34 percentage point matched the drop in the 10-year yield.
The three-month Treasury yield reached 4.24% on Nov. 9, up from 4.21% on Nov. 2 and 4.23% on Oct. 8. It was the only one of the four maturities to rise over the week.
The 10-year and two-year yields fell by the same amount over the week. Over the month, the 10-year yield declined 0.15 percentage point more than the two-year yield.
A separate spread series from the bank put the gap between 10-year and two-year yields at positive 0.25 percentage point on Nov. 10. That compared with positive 0.34 percentage point on Nov. 3 and positive 0.44 percentage point on Oct. 9.
The gap narrowed by 0.09 percentage point over the week and 0.19 percentage point over the month. The positive reading means the 10-year yield was higher than the two-year yield.
The bank's 10-year breakeven inflation rate, the difference between nominal and inflation-indexed 10-year yields, stood at 2.20% on Nov. 10. It fell from 2.30% on Nov. 3 and 2.33% on Oct. 9.
Those readings represented declines of 0.10 percentage point over the week and 0.13 percentage point over the month. The latest breakeven and spread readings were dated one day after the latest individual Treasury yields.
The bank's 10-year inflation-indexed yield, the yield on Treasury debt whose principal adjusts with inflation, rose to 2.66% on Nov. 9 from 2.62% on Nov. 2. It remained below the 2.87% recorded on Oct. 8.
That yield increased 0.04 percentage point over the week but fell 0.21 percentage point over the month. Its weekly increase contrasted with the decline in the nominal 10-year yield over the same dates.