Treasury Yield at 4.78% Signals Term Premium Concerns as Gold Slips Below $4,450
The 10-year Treasury yield climbed 1 basis point to 4.78%, suggesting bond markets are pricing in a slightly higher term premium as investors weigh fiscal deficit concerns against contained inflation. Gold slipped 0.17% to $4,446.40 despite a modest dollar decline to 98.78, indicating reduced safe-haven demand as real yields remain elevated. The dollar index softened 0.06% as risk assets traded lower across the board, with the S&P 500 ETF off 0.55% and the Nasdaq-100 ETF down 0.39%.
our Fed policy coverage Key Takeaways 10-year Treasury yield rose 1bp to 4.78%, reflecting higher term premium expectations. Gold slipped 0.17% to $4,446.40 despite a weaker dollar, signaling reduced safe-haven de…
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