US 10-Year Yield Steady at 3-Week High

2025-11-03 07:33 By Jam Kaimo Samonte 1 min. read

The yield on the US 10-year Treasury note held around 4.1% on Monday, hovering at three-week highs as investors awaited crucial US data that could shape the economic and interest rate outlook.

The ongoing US government shutdown has delayed major reports such as the monthly jobs data, though updates from private sources including ADP employment, ISM PMIs, and Michigan sentiment will offer direction this week.

Last week, the Federal Reserve delivered a widely expected 25 bps rate cut, but Chair Powell signaled that another cut in December is not assured.

Markets now assign a roughly 67% chance of a December cut, down from over 90% before the latest meeting.

Meanwhile, the White House announced that China would suspend new export controls on rare earths and end probes into US semiconductor firms, in exchange for the US pausing certain tariffs and scrapping a planned 100% levy on Chinese exports.

The move followed last week’s Trump-Xi summit aimed at stabilizing relations.



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