Treasury yields fell across the board on Friday, after a major stock sell-off over potential future interest rate hikes sent the S&P 500 to close at a 2022 low on Thursday.was down 2 basis points to 3.7181% at around 4:40 a.m. ET.
The note has had a highly volatile week, soaring to a 14-year high before seeing its steepest inter-day decline since 2020 during Wednesday's session.Yields and prices move in opposite directions and one basis point is equal to 0.01%.