# 10-Year Treasury Yield Falls to 4.91% After Fed Hold, Giving Asian Currencies Room

> The 10-year US Treasury yield fell to 4.91% on November 2, down from 5.05% on October 28 and 5.31% on October 5. The Federal Reserve held its target range at 3.75% to 4.00% in a 10-2 vote, with two members preferring a rate increase.

- Date: 2026-11-03 · published 2026-11-03T12:07:56.602Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/77523-10-year-treasury-yield-falls-to-4-91-after-fed-hold-giving-asian-currencies-room
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US yields reduce the pull of dollar assets on Asian capital, which has steadied regional currencies. The two dissenting votes for a hike keep the risk of tighter policy in December, which could reverse that support.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-03 | [GLOBAL MARKETS-Stocks slide, 10-year Treasury yield hits record low after Fed's emergency rate cut](https://feedsoft.ai/events/7172-global-markets-stocks-slide-10-year-treasury-yield-hits-record-low-after-fed-s.md) | +0.3% | +5.5% |
| DXY | 2024-08-08 | [Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies \| Reuters](https://feedsoft.ai/events/29076-fed-easing-bets-carry-trade-unwind-turn-analysts-bullish-on-asian-currencies.md) | -0.9% | -0.9% |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| DXY | 2022-12-28 | [Southeast Asian Currencies End the Year on a High Note – The Diplomat](https://feedsoft.ai/events/38475-southeast-asian-currencies-end-the-year-on-a-high-note-the-diplomat.md) | -0.2% | -2.2% |
| DXY | 2018-12-04 | [Dollar drops as treasury yield curve inversion sparks recession fears](https://feedsoft.ai/events/6926-dollar-drops-as-treasury-yield-curve-inversion-sparks-recession-fears.md) | +0.7% | -0.4% |

## Sources

- capitaltimes.asia: https://capitaltimes.asia/world/americas/treasury-yields-dollar-fed-asian-currencies/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.