---
title: 10-Year US Term Premium Dips Back into Negative Territory! 📉🔍
description: "The term premium, a metric reflecting the additional yield demanded by investors for holding longer-term bonds rather than rolling over shorter-dated securities, turned negative last week. This shift could be interpreted as a signal that the market is anticipating a recession in the US in 2024, with rate cuts by the Federal Reserve (1% fully discounted already by the market). Given the recent rally of more than 50 basis points on the 10-year US Treasury yield and the term premium now in negative territory, coupled with still very high rate volatility, the question arises: Will the rally in long rates temporarily come to a halt? 🤔 \nSource: Bloomberg"
---

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# [10-Year US Term Premium Dips Back into Negative Territory! 📉🔍](https://blog.syzgroup.com/syz-the-moment/10-year-us-term-premium-dips-back-into-negative-territory-📉🔍)

 Written by [Gaël Fichan](https://blog.syzgroup.com/syz-the-moment/author/gaël-fichan) | Nov 22, 2023, 10:47:46 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/10-year-us-term-premium-dips-back-into-negative-territory-📉🔍)

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