US 10-Year Bond Yield Falls to 4.94%, Analysts Advise Gradual Accumulation of Long-Dated Bonds

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The US 10-year bond yield has gradually declined to around 4.94%. Poon Panichpibool, a money and capital market strategist at Krungthai GLOBAL MARKETS, Krungthai Bank, noted that although market players still expect the Federal Reserve to raise interest rates roughly three more times by the middle of next year, the continued decline in crude oil prices and the gradual retreat of long-term bond yields in Europe, especially in the UK, after the Bank of England adjusted its quantitative tightening plan by ending long-bond sales, have helped support some easing in the US 10-year bond yield. He assessed that the US 10-year bond yield still risks volatile swings in the short term, but maintained the previous recommendation that market players can gradually buy long-dated US bonds, viewing that if the Fed can keep raising rates, it will eventually open the way for long-term bond yields to gradually decline, in line with an economic picture and inflation trend that may slow. The Fed also has a chance to cut rates somewhat in the period ahead, making gradual buying of long-dated US bonds on dips an attractive strategy at this time. As for gold, the pullback in long-term bond yields worldwide and in the dollar, in line with the decline in crude oil prices, helped support a rebound in gold prices. COMEX gold futures for December 2026 delivery rose, though gold prices remain pressured by bouts of dollar strength and the overall risk-on mood in financial markets, meaning that although gold prices have risen somewhat, they remain capped around 4,380 dollars per ounce.

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Financials▲ · 1 stocks
Others▲ · 1 stocks
％United States Government Bond 10Y
US-10Y
▲ PositiveMonetaryrelevance

US 10-year yield has declined to ~4.94% on falling oil and easing global long-term yields, with analysts advising gradual accumulation of long-dated bonds.

Others▲ · 1 stocks
⛏Gold Futures
GOLD
▲ PositiveMonetaryrelevance

Pullback in long-term bond yields and the dollar, alongside lower crude prices, helped support a rebound in gold prices.

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