Yields fall after US 10-year hits highest since 2002; stocks, euro also decline

Bond yields fell on Thursday, after the benchmark 10-year Treasury yield hit its highest level since 2002. Stocks and the euro also declined as US manufacturing data indicated sustained inflation pressures. The 10-year yield initially rose to its highest level since April 2002, before falling to 5.272 percent. The 2-year note yield dropped 7.28 basis points to 4.814 percent.

The euro hit its lowest point in 17 months against the dollar, dropping below $1.13 for the first time since May 2025. Investors are anxiously awaiting the US monthly jobs report for more clues about the economy.