That is a long way from Tuesday's 2.4% yield on 2-year Treasuries US2YT=RR. Also, many commercial and industrial loans are floating-rate term loans, ...

The 10-year Treasury's yield US10YT=RR slipped 1.5 basis points to 3.313%, while the two-year's yield US2YT=RR fell 11.1 bps to 3.679%, their lowest since April 6. Yield on 30-year bonds US30YT=RR ...

The two-year US2YT=RR is highly sensitive to shifts in monetary policy expectations and early Tuesday it hit 3.992%. The last time its yield broke above 4% was Oct. 18, 2007.