U.S. Bond Market Closed for Memorial Day
May 26 is Memorial Day, a federal holiday in the United States established to honor fallen soldiers, and the U.S. bond market will be closed for one day. According to CNBC, the New York bond market saw the 2-year Treasury yield, sensitive to the Federal Reserve's monetary policy, decline to 3.993% by the end of trading on May 23, a drop of less than 1 basis point; the 10-year Treasury yield fell by 4 basis points to 4.509%; the 30-year Treasury yield decreased by 3 basis points to 5.031%.
(Note: Bond prices move inversely to yields.)
