The premium on U.S. Treasury bonds stabilizes, and the 10-year yield is unlikely to fall below 4%.

[Coin World] On June 25, TS Lombard's Daniel von Ahlen and Adrea Cicione stated that the additional yield required by investors holding longer-term U.S. Treasuries, known as the term premium, has not changed significantly recently. This stability suggests that the yield on 10-year U.S. Treasuries is unlikely to fall below 4%, as "if the risk premium does not compress substantially, the room for further declines in yield is limited." They noted that the Federal Reserve is unlikely to lower interest rates below 3% in the next easing cycle, which will further support high yields.