The trading period on the last day of 2024 is shortened due to the holiday. Trading in U.S. Treasury futures is active, but it has little impact on prices, closing with mixed results. After the month-end index rebalancing at 1 PM New York time, the yield curve steepens. The yield on 10-year Treasury notes rises nearly 5 basis points during the day to 4.58%, having briefly approached 4.50% at the beginning of trading, the lowest level in over a week.