Treasury yields fall after Fed's Waller signals support for no rate hike

Traders work at the New York Stock Exchange on Sept. 2, 2026. NYSETreasury yields moved lower across the curve on Thursday, as traders reacted to remarks by Federal Reserve Governor Christopher Waller saying he's leaning toward keeping interest rates unchanged at the central bank's next policy meeting in two weeks. The 10-year Treasury note yield, the main benchmark for mortgages, auto loans and credit card debt, fell more than 5 basis points to 4.74%. The longer-dated 30-year Treasury yield, more sensitive to geopolitical events, dropped more than 3 basis points to 5.231%.The shorter 2-year Treasury note yield, which tends to tracks short-term Federal Reserve interest rate decisions, was more than 7 basis points lower at 4.307%.One basis point equals 0.01%, or 1/100th of 1%. Yields and prices move inversely to one another.In remarks for a Reuters interview, Waller expressed confidence in current inflation trends, saying that they "suggest we are finally seeing some signs of disinflation." However, he noted that inflation is still "meaningfully above" the Fed's 2% target."If this continues in the data due over the next two weeks, I would be inclined to support holding the target fo...