The 10-year Treasury yield is a critical economic indicator, closely monitored by investors and economists worldwide. It represents the return investors can expect when they buy these government bonds, which are considered among the safest investments. The yield serves as a benchmark for other interest rates, influencing various economic and financial conditions, from mortgage rates to the cost of borrowing for corporations. Its movements are a barometer of broader economic health, reflecting investor sentiment about future inflation, growth prospects, and the US Federal Reserve’s monetary policy actions.