Market Update: December 2023

The big story during November was the decline in Treasury yields. The bond market experienced large moves in interest rates, with the 10-year yield falling to 4.36% from over 5% in October.

For context, the -0.54% decline in the 10-year yield ranks among the biggest 1-month drops since December 2008, when the Federal Reserve cut interest rates by -0.75%.

Read more here in our Monthly Market Update.