📉 The yield on the U.S. 10-year Treasury falls back below 5% after hitting its highest level since 2007 last week.

🇺🇸 The rate has eased to around 4.95% after peaking at 5.04%. A drop in oil prices and the easing of certain geopolitical tensions helped steady the bond market.

🏦 Outlooks remain highly divided. HSBC expects 4.65% by the end of 2026, iCapital forecasts 5.3%, while Deutsche Bank points to a more likely scenario of 6% for 2027.

👀 For markets and especially crypto, the U.S. 10-year remains a key benchmark. The higher yields stay, the more pressure on risk assets could intensify.#marcheboursier #crise