On the final trading day of the year, U.S. Treasury yields fell, with the 10-year yield down to 4.5187% and the 2-year yield at 4.2333%. This decline followed a multi-month high for the 10-year yield from last week, as investors evaluated the market outlook for 2025 amid mixed economic data. November’s pending home sales exceeded expectations, while Chicago factory activity declined more than predicted. Investors are also focused on the Federal Reserve’s interest rate policy, anticipating fewer cuts ahead. Markets will close early Tuesday and remain closed on Wednesday for New Year’s Day.
