10-year U.S. Treasury yields hold steady near 4.91% despite oil drop and tech weakness

Mohamed El-Erian noted that the 10-year Treasury yield barely moved lower on the day, closing at 4.91%, despite an 8% oil-price drop and a Nasdaq close down 1.1%. Separately, a poster said the U.S. Treasury had made forward-looking indicators unusable for their 2027 inflation model and argued that the bond market was “completely broken” because it relies on such models.