US 10Y Bond Yield Hits 12-week Low

US 10 Year Government Bond Yield decreased to 4.02%, the lowest since November 2025. Over the past 4 weeks, US 10 Year Note Bond Yield lost 22.60 basis points, and in the last 12 months, it decreased 24.10 basis points.

The yield on the 10-year US Treasury note fell to 4.03% on Thursday, the lowest in three months, amid robust demand for the safety of Treasuries and a higher preference for longer-maturity notes and bonds. Global markets pivoted to US Treasuries amid lingering uncertainty on US economic policy after President Trump threatened 15% tariffs under the Section 122 balance of payment economic emergency, but passed a lower 10% level. Concerns of geopolitical instability also supported sovereign bonds as the US delegation started nuclear talks with Tehran. The yield on the 10-year note fell despite evidence of sticky inflation and a stable labor market, driving rate traders to push back expectations of the Federal Reserve's first rate cut this cycle to July. Still, Treasuries in the shorter end of the curve underperformed as the supply of bills continued to increase, despite the Federal Reserve's purchases of short-term securities to maintain reserve balances ample.

The yield on the US 10-year Treasury note fell to around 4.04% on Thursday, trimming gains from the previous session as uncertainty over US tariffs bolstered demand for safe-haven debt. On Wednesday, US Trade Representative Jamieson Greer indicated that tariff rates for certain countries could rise to 15% or higher from the recently implemented 10%, without providing additional details. President Donald Trump offered relatively muted tariff commentary in his State of the Union address but reaffirmed that he does not plan to alter course, even after the Supreme Court invalidated his broad reciprocal tariffs. On monetary policy, the Federal Reserve is widely expected to keep interest rates unchanged next month. Meanwhile, US and Iranian negotiators are scheduled for the latest round of nuclear talks in Geneva later today, reinforcing a cautious tone across markets.