"10-Year Treasury Note Holds Steady Below 4% Amid Fed's Rate Cut Expectations"

U.S. Treasury yields continued to decline, with the 10-year Treasury falling below 4% for the first time since August. The Federal Reserve's signals of future rate cuts have prompted investors to reassess the outlook for interest rates. The central bank left rates unchanged, indicating a potential end to its rate-hiking cycle. Retail sales figures came in above expectations, suggesting consumer resilience and raising hopes of avoiding a recession. Flash PMI readings for December are expected to be released on Friday.