2025.12.1714:55:25UTC+00US 10-Year Treasury Yield Little Changed on Wednesday

The yield on the US 10-year Treasury remains around 4.16%, just below the peaks observed in September. Investors are closely evaluating the Federal Reserve's policy direction for 2026. Federal Reserve Governor Christopher Waller, a potential candidate for the position of the central bank's chair, has reinforced his dovish view regarding interest rates. He stated at a CNBC forum, "Given that inflation remains high, we can afford to be patient—it's unnecessary to rush. We can gradually adjust the policy rate to approach a neutral stance." Focus is now on the impending release of the CPI report on Thursday, anticipated to shed more light on the trajectory of price pressures. Meanwhile, recent mixed economic indicators, including stronger-than-expected nonfarm payrolls amidst rising unemployment rates, have not significantly altered market forecasts, with investors continuing to anticipate at least one rate cut by the Federal Reserve in the coming year.