US 10-Year Treasury Yield
The yield on 10-year US government bonds. It is the cornerstone of global financial markets and the benchmark for all borrowing costs.
Market Impact
RISING / BULLISH
Higher borrowing costs for companies and consumers. Pressures equity valuations, especially in the tech sector.
FALLING / BEARISH
Lower interest burden and stimulating effect on the economy. Tailwind for equities and long-duration assets.
Context 2026
Serves as the global discount rate anchor. In 2026, the 'term premium' has returned to positive territory, making yield levels above 4.5% a critical threshold for risk assets.
OmniMetric Relevance
Extremely High. A primary variable in the GMS Score measuring risk-free rate stress.