US 10 Year Yield Update 9 December 2025
The most important chart currently
Yield has risen 20bps in the last 7 days of trading and is now pushing into resistance at 4.18%. If the market reacts like it did for the previous 2 cuts then yield should rise to around 4.30%.
We can see yield reversing all of the downtrend, up to 4.5%, pretty much the yield when Trump came into power on 20 January.
That would be a significant perspective for the Administration and the markets. No progress in a year, added to many other things not achieved. And the consequences for global bond markets will be devastating.