U.S. borrowing rates are likely to decline in the coming months, which would be positive for the bond market and the economy.

When you lock up your savings into a CD for a set term and leave it untouched, your earnings are guaranteed. Your annual percentage yield (APY) won't drop even if overall interest rates drop. It's a quiet, easy way to get a little extra cash, kind of like discovering a $10 bill in your jeans pocket every month.

Treasury yields declined Tuesday as US economic data left intact expectations that the Federal Reserve will cut interest rates at least once more in 2025.