The surprise fall in 10-year Treasury yields could continue. Here's what it means

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.
Carlo Allegri | Reuters

The benchmark 10-year Treasury yield has fallen into a surprisingly low range and is defying the widely held view that interest rates were on a one-way march higher.

More In Pro Insight

CNBC ProYields are driving the market action. Here's what chart analysts are watching before making a move
CNBC ProHere's a stock-buying strategy now that rates are lower again
watch now
CNBC ProApple, Amazon, AMD — Halftime traders on their favorites ahead of earnings