5-Year Bond Yield Drops -272.1 Basis Points to 11.2994%

TLDR

• The yield curve steepened as the short end fell sharply, with the 5-year yield dropping -272.1 basis points while the 25-year yield eased a more modest -14.2 basis points.
• The most striking individual move came at the 5-year tenor, where the yield settled at 11.2994% after that -272.1 basis-point decline, contrasting with the 10-year tenor, which bucked the trend by rising +51.2 basis.