US Treasury Yields Fall for Second Session

2025-11-05 04:09 By Jam Kaimo Samonte 1 min. read

The yield on the US 10-year Treasury note fell to around 4.07% on Wednesday, declining for a second straight session as investors sought safety amid a broad risk-off wave.

Global stocks and other risk assets slumped on mounting concerns over stretched AI valuations, while warnings from major bank CEOs about potential market drawdowns deepened caution.

Meanwhile, uncertainty persisted over a possible Federal Reserve rate cut in December after policymakers signaled mixed views on the outlook for easing.

Markets now assign a 69% probability to a 25 bps cut next month, down from about 90% before last week’s FOMC decision.

The prolonged US government shutdown, the longest in history, continued to cloud the outlook by delaying key data releases, though investors await the ADP private employment report later today.

Separately, the US Treasury Department said it expects to borrow $569 billion in Q4, $21 billion less than projected in July 2025, reflecting a higher starting cash balance.



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