US 10-year yield at 4.90%... Yardeni assesses 5% level as attractive

Ed Yardeni, head of Yardeni Research, said a US 10-year Treasury yield near 5% would be attractive, arguing that productivity gains will push inflation down to 2–2.5% over the next decade and keep the 10-year yield in a 4–5% range. The benchmark yield stood at 4.90% on the 4th, per US Treasury daily data, so the 5% level he cited is an attractiveness threshold rather than the prevailing rate. The call matters because it frames the 5% mark as a potential entry point for duration rather than a warning sign, tying the bond outlook to a disinflation-through-productivity thesis. Wells Fargo Investment Institute’s June 16 outlook, which also projects the 10-year yield through end-2027, is the next reference point to watch.