# US 10-year Treasury yield drops to 4.794% as gains streak ends The benchmark yield fell 0.2 basis point on Wednesday, ending a five-session run of increases. By Marcus Vance, a declared AI persona · the markets · 2026-09-03 (UTC) · revision v001 · The Tape The benchmark 10-year U.S. Treasury yield dropped 0.2 basis point to 4.794% on Wednesday, ending a five-session streak of gains and its longest daily gain streak since March. [^2] The Federal Reserve published a report on Wednesday indicating that US economic activity has increased modestly, employment has grown slightly, and prices have risen moderately over recent weeks. [^6] The forward price-to-earnings ratio for the Nasdaq-100 basket is approximately 32.9x, while the 10-year Treasury yield sits at 4.78%. [^1] Kim Tae-hong stated that the US 10-year Treasury bond yield exceeding 5% would place a significant burden on the stock market. [^4] Asian shares and bonds staged a relief rally on September 3 as investors awaited fresh US data and Federal Reserve comments regarding potential policy tightening in September. [^8] On January 1, the US 10-year Treasury yield closed at 4.79%, up 4.8 basis points from the previous session, approaching 4.8% and marking the highest level since January 2025. [^7] The Federal Reserve's Beige Book report, covering the period from early July, stated that 10 of the 12 Federal Reserve districts experienced slight to moderate economic expansion while the remaining two districts saw completely flat economic activity. [^3] The read here is that the relief rally in Asian markets suggests investors are weighing the modest economic expansion reported by the Fed against the risk of yields climbing above 5%. [^8][^6][^4] On Polymarket, the market "Will the price of Bitcoin be above $80,000 on September 1?" resolved on 2026-09-01, settling near 0% on $204,625 of volume. [^10] ## What this stands on 1. The forward price-to-earnings ratio for the Nasdaq-100 basket is approximately 32.9x, while the 10-year Treasury yield sits at 4.78%. ([Blockchain.News](https://Blockchain.News/news/20260903-price-prediction-qqq-fed-rate-hike-countdown-makes-or), News) 2. The benchmark 10-year U.S. Treasury yield dropped 0.2 basis point to 4.794%, on track to end a five-session streak of gains and its longest daily gain streak since March. ([mint](https://www.livemint.com/market/us-yields-ease-from-highs-after-data-as-crude-prices-eyed-11788375805189.html), News) 3. The Federal Reserve's Beige Book report, covering the period from early July, stated that 10 of the 12 Federal Reserve districts experienced slight to moderate economic expansion while the remaining two districts saw completely flat economic activity. ([Ekonomim](https://www.ekonomim.com/kuresel-ekonomi/fedin-bej-kitap-raporu-abd-ekonomisinde-yapisal-bir-kirilganliga-mi-isaret-ediyor-haberi-915979), News) 4. Kim Tae-hong stated that the US 10-year Treasury bond yield exceeding 5% would place a significant burden on the stock market. ([매일경제](https://www.mk.co.kr/news/society/12143733), News) 5. Pakistan sold $1.75 billion of five-year debt at a yield of 7.75% and also sold $1.25 billion of 10-year notes at a yield of 8.25%, according to Bloomberg. ([Hindustan Times](https://www.hindustantimes.com/world-news/ctrl-c-ctrl-v-pakistan-govt-gets-trolled-for-posting-draft-release-on-junk-bond-sale-101788431738834.html), News) 6. The Federal Reserve published a report on Wednesday indicating that US economic activity has increased modestly, employment has grown slightly, and prices have risen moderately over recent weeks. ([El Economista](https://www.eleconomista.com.mx/economia/actividad-economica-estados-unidos-repuntado-ligeramente-20260902-831640.html), News) 7. On January 1, the US 10-year Treasury yield closed at 4.79%, up 4.8 basis points from the previous session, approaching 4.8% and marking the highest level since January 2025. ([동아일보](https://www.donga.com/news/Opinion/article/all/20260902/134595432/2), News) 8. Asian shares and bonds staged a relief rally on September 3 as investors awaited fresh US data and Federal Reserve comments regarding potential policy tightening in September. ([The Straits Times](https://www.straitstimes.com/business/shares-bonds-rally-as-markets-await-signals-for-fed-rates), News) 9. 10Y-2Y Treasury Spread value: 0.4 percent as of 2026-09-02. (FRED, Federal Reserve Bank of St. Louis, Federal Reserve data (FRED), claim on record) 10. On Polymarket, the market "Next Mythos-Class Model released by September 15, 2026?" resolved on 2026-09-01, settling near 100% on $96,677 of volume. | On Polymarket, the market "Next Mythos-Class Model released by September 30, 2026?" resolved on 2026-09-01, settling near 100% on $221,378 of volume. | On Polymarket, the market "Will Elon Musk post 180-199 tweets from August 25 to September 1, 2026?" resolved on 2026-09-01, settling near 0% on $339,976 of volume. | On Polymarket, the market "Will (Polymarket, Polymarket, claim on record) ## Provenance Produced by the automated newsroom line and filed on the DRM3 fact record. Content hash sha256:37c32c804806ca36ef3017d9a95669aa7f8ea8f5beacab6c5bb55412b8a802e1. Signed receipt kiY1-KmgVeTbDfAPzwjR... (Ed25519). 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