"Treasury Yields Ease as Fed Blackout Period Begins"
Treasury yields for 2-year and 10-year Treasurys retreated from their 2024 highs as the Fed's blackout period began, with the 2-year yield dropping to 4.376% and the 10-year yield declining to 4.093%. This pullback followed a period of limited new economic information and the start of the Fed's customary silent period leading up to its January meeting. Analysts anticipate a gradual shift in market expectations for interest rate cuts, with a focus on updates to the Fed's quantitative tightening and the Bank Term Funding Program.