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Gold/Silver71.67
DXY101.71−0.07%
US10Y5.15%+0.57%
WTI97.98+0.85%
S&P 5007,757+0.58%
Dow52,856+0.69%
Bitcoin84,153+0.15%
VIX16.68−3.64%

10-Year Treasury Yield in 2019

The US 10-year Treasury yield fell 0.77 percentage points in 2019, from 2.69% at the end of 2018 to 1.92%. Its highest close was 2.78% on Jan 18, and its lowest 1.46% on Sep 4.

Change in 2019
−0.77 pp
2.69% → 1.92%
High
2.78%
Jan 18
Low
1.46%
Sep 4
Up days
117 of 252
longest run 5 up, 7 down

10-Year Treasury Yield, daily closes 2019

Numbers mark the events below
1.58%2.12%2.66%JanFebMarAprMayJunJulAugSepOctNovDec1Jul 31: Fed cuts the federal funds target range to 2.00-2.25% and ends balance sheet reduction early.2Aug 5: Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator.3Aug 14: 10-year Treasury yield falls below the 2-year yield for the first time since 2007; Dow falls about 800 points.4Sep 17: US overnight repo rates spike as high as 10%; the New York Fed begins injecting cash into the repo market.

Key Events in 2019

What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.

  1. 1
    Wednesday, July 31
    Fed cuts the federal funds target range to 2.00-2.25% and ends balance sheet reduction early. Source
    10Y yield: −0.04 pp that day · −0.60 pp a month later
  2. 2
    Monday, August 5
    Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator. Source
    10Y yield: −0.12 pp that day · −0.39 pp a month later
  3. 3
    Wednesday, August 14
    10-year Treasury yield falls below the 2-year yield for the first time since 2007; Dow falls about 800 points. Source
    10Y yield: −0.10 pp that day · +0.11 pp a month later
  4. 4
    Tuesday, September 17
    US overnight repo rates spike as high as 10%; the New York Fed begins injecting cash into the repo market. Source
    10Y yield: −0.03 pp that day · −0.07 pp a month later

Month by month

MonthCloseChangeHighLow
Jan2.64%−0.05 pp2.78%2.55%
Feb2.71%+0.08 pp2.72%2.63%
Mar2.41%−0.30 pp2.76%2.37%
Apr2.51%+0.09 pp2.59%2.48%
May2.14%−0.37 pp2.55%2.14%
Jun2.00%−0.14 pp2.14%1.99%
Jul2.02%+0.02 pp2.12%1.95%
Aug1.51%−0.52 pp1.89%1.47%
Sep1.68%+0.17 pp1.90%1.46%
Oct1.69%+0.02 pp1.85%1.52%
Nov1.78%+0.09 pp1.94%1.73%
Dec1.92%+0.14 pp1.94%1.71%

Other Markets in 2019

Change over the calendar year.

MarketChangeYear-end
10-Year Treasury Yield−0.77 pp1.92%
Dow Jones Industrial Average in 2019+22.3%28,538.44
S&P 500 in 2019+28.9%3,230.78
Nasdaq Composite in 2019+35.2%8,972.60
Russell 2000 in 2019+23.7%1,668.47
Nikkei 225 in 2019+18.2%23,656.62
Gold in 2019+18.9%$1,519.50
Silver in 2019+15.5%$17.83
WTI crude oil in 2019+34.5%$61.06
Brent crude oil in 2019+22.7%$66.00

10-Year Treasury Yield in 2019: FAQ

How much did the US 10-year Treasury yield fall in 2019?

The US 10-year Treasury yield fell 0.77 percentage points in 2019, from 2.69% at the end of 2018 to 1.92%. Its highest close was 2.78% on Jan 18, and its lowest 1.46% on Sep 4.

What were the highest and lowest closes of the US 10-year Treasury yield in 2019?

Highest: 2.78% on January 18, 2019. Lowest: 1.46% on September 4, 2019. It closed higher on 117 of 252 trading days.

What happened to the US 10-year Treasury yield on August 5, 2019?

Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator. The US 10-year Treasury yield fell 0.12 percentage points that day, and was −0.39 pp a month later.

Data: 10-year constant-maturity Treasury yield (Federal Reserve H.15 via FRED). Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.