The yield on the 10-year Treasury note rose as Wall Street assessed the Federal Reserve’s first interest cut in four years and its potential economic impact.

On September 17, treasury yields – often used to finance auto loans, mortgages, and corporate borrowing – briefly climbed to around 3.8% before ending the session near 3.74%. This marks an increase from the 3.62% low recorded on September 16th, just two days before the rate cut. However, it remains roughly 1% below its April peak.

There have been multiple estimates of where the 10-year yield might go. Some anticipate it will remain below 4% by the year’s end and settle in the mid-3% range throughout most of 2025. This outlook is more optimistic than Fitch Ratings’, which projects the figure ending 2026 at 3.50%, close to its current level of around 3.70%.