The market premium for the US 10-year Treasury yield over a fair‑value estimate remained modest in April but has been edging higher after falling to a near‑equilibrium level late last year.
The 10‑year yield rose to 4.47% on May 13, the highest close since last August.
By late 2025, the surge in the 10‑year premium associated with the 2021–2022 inflation spike had faded to nearly zero.
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The market premium for the US 10-year Treasury yield over a fair‑value estimate remained modest in April but has been edging higher after falling to a near‑equilibrium level late last year. The threat of higher
