Treasury yields determine how much you earn on government-backed securities. Learn more about Treasury yields in this guide.

A flight to quality has pushed yields on 10-year Treasuries below 4 per cent for the first time since Donald Trump won last year’s election, as investors look for havens from the market turmoil triggered by the US president’s tariff increases.

The yield on the 10-year Treasury, a leading barometer of economic conditions, has fallen below 4% for the first time since last October, suggesting heightened fears of a recession. The 4% line was breached during overnight U.