Treasury yields experienced a decline on Thursday following remarks by a Federal Reserve official that revived the possibility of an interest rate cut as soon as June. The decrease was most pronounced in short-term maturities, which are more responsive to changes in Federal Reserve interest rates compared to long-term yields. Yields on two-year notes dropped by as much as 8 basis points, settling just below 3.79%, and remained within the range observed on Wednesday.
— new from Bloomberg.com