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Giving Home > Giving News > Finance News > Treasury Yields Fluctuate

Treasury Yields Fluctuate

Published April 24, 2026

Treasury yields ticked higher throughout the week as geopolitical tensions persisted, and investors waited for the release of April’s Flash PMI data. Yields edged up at the end of the week as the latest employment data showed signs of a stable labor market.

On Thursday, S&P Global released its flash U.S. Services Purchasing Managers’ Index (PMI) for April, indicating growth in the service industry. The PMI measures the change in economic activity in the services sector and is used as an indicator of U.S. economic activity. The flash PMI for April was 51.3, up from 49.8 in March and above analysts’ forecast of 50.0.

"The April PMI is broadly consistent with the economy struggling to manage annualized growth in excess of 1%, with the vast service sector acting as the principal drag," said chief business economist at S&P Global Market Intelligence, Chris Williamson. "Balancing the risks of inflation lifting sharply higher against the underlying weakness of economic growth presents policymakers at the Fed with a growing dilemma."

The benchmark 10-year Treasury note yield opened the week of April 20 at 4.25% and traded as high as 4.35% on Thursday. The 30-year Treasury bond opened the week at 4.91% and traded as high as 4.94% on Thursday.

On Thursday, the U.S. Department of Labor reported that initial claims for unemployment increased by 6,000 to 214,000 for the week ending April 18, higher than economists’ expectations of 210,000 claims. Continuing claims increased by 12,000 to 1.82 million.

"The labor market has become more vulnerable since the start of the war, but the claims data over the last two months show no evidence of cracks," said lead U.S. economist at Oxford Economics, Nancy Vanden Houten. "However, it has always been our expectation that the spike in oil prices would take some time to become apparent in the labor market data."

The 10-year Treasury note yield finished the week of 4/20 at 4.31% while the 30-year Treasury note yield finished the week at 4.91%.