德銀援引Finaeon數據稱，1800年以來美國10年期國債收益率平均約4.5%，因此當前約5%的水平並非歷史異常。但是“收益率正常”不等於融資壓力正常。長期低利率已被寫入股票估值、房貸及政府和企業融資結構，而美國債務規模現已超過40萬億美元，債券供給也在增加。 因此，5%的名義收益率在歷史上並不罕見，但放在當前高債務、高估值環境中，其利息負擔和資產重估衝擊可能遠高於歷史均值。

NATO Secretary General RUTTE said NATO has all options to counter Russian hybrid attacks and that responses will not always be publicly visible.

U.S. Treasury yields rose across the curve in Asian trading ahead of Wednesday’s Federal Reserve rate decision; the 10-year briefly topped 5% on Monday for the first time since October 2023. LSEG data show markets assign a 93% probability to a 25bp hike. Tradeweb reports the 2-year yield up 4.4bps at 4.676% and the 10-year up 6.2bps at 5.021%. An ING rates strategist said: "Logically a rate hike should calm the long end, however the long end is often extremely erratic."