U.S. Treasury yields moved lower after New York Fed President John Williams signaled one more rate hike in 2026 may be sufficient, with no further increases currently anticipated in 2027. The 30-year yield fell 3.42 basis points to 5.565%, and the 10-year yield dropped 2.51 basis points to 5.219%. The 2-year yield remained unchanged at 4.795%. Long-term bonds rallied as Williams' comments eased expectations for additional Fed tightening.