10-Year Yield Rebounds Slightly

January 03, 2008, 3:00 p.m. EST 1 Min Read

The yield of the long-term rate-indicative 10-year Treasury note bounced back slightly Thursday morning (but remained below 4.00%) after plunging Wednesday when the price of oil hit $100 a barrel.The benchmark yield as of midday Thursday stood at about 3.94% after falling to 3.90% the day before, according to Yahoo Finance. The indicator had been trending downward prior to Wednesday, but just a week before it had been trading as high as 4.20% or more.

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