Declining Treasury yields can have a significant impact on the housing market. When Treasury yields drop, mortgage rates tend to decrease as well. This means that potential homebuyers can secure loans at lower interest rates, making homeownership more affordable. Lower mortgage rates can stimulate demand in the housing market, leading to increased home purchases and potentially driving up home prices. Additionally, existing homeowners may choose to refinance their mortgages to take advantage of lower rates, freeing up additional income that can be used for other purposes. However, declining Treasury yields can also signal economic uncertainty, which may make some buyers hesitant to enter the housing market. Overall, the impact of declining Treasury yields on the housing market is complex and can vary depending on various factors.