US bond yield remains above 1.71pc

The 10-year U.S. Treasury yield fell on Thursday morning, but remained above 1.71 percent, after President Joe Biden shared details of his US$2 trillion infrastructure package.

The yield on the benchmark 10-year Treasury note dipped to 1.718 percent at 4:30 a.m. eastern time. The yield on the 30-year Treasury bond fell to 2.386 percent. Yields move inversely to prices.