
Global Bond Yields Hold Elevated Levels as Central Banks Pause Easing
US 10-year Treasury yields remain near 4.5% and the federal funds rate holds at 3.5-3.75% as of early June 2026, reflecting persistent inflation pressures, fiscal supply, and geopolitical risks. Major central banks including the Fed, ECB, and BoE are on hold, while the BOJ continues gradual normalization. Investors face a higher-for-longer environment with attractive yields but limited near-term rate relief.