US yields near 5%: Is the long-term bull cycle entering its final stage？ [Video]
If you have been following our analysis for a while, you may remember that we were already looking for higher US yields back in December 2025, when we prepared our special market outlook for the year ahead. Since then, US yields have moved nicely higher, and the US 10-year yield has now reached the important 5% area. Members update-previous chart The move has been supported by persistent inflation, strong economic data and, more recently, the sharp rise in crude oil. Markets have also become much more confident that the Fed will raise rates, with a rate hike now almost fully priced in for Wednesday. But could yields be getting close to a top？ This is where things become interesting. Markets usually move on expectations of what central banks will do next, rather than simply reacting to what they are doing today. For months, investors have been repricing the possibility of higher Fed rates, and this has helped push the 10-year yield towards 5%. But once the Fed actually starts hiking, the focus will quickly shift to the next question: how many more hikes can they deliver？ Discover more FINANCE NEWS Choose POS Systems In other words, more tightening now could mean less upside for yields later. This is especially interesting because the
