Group 1 - Global stock market sell-off has led to increased interest in U.S. Treasury bonds, with analysts discussing the potential for the 10-year yield to drop to as low as 3.5% by the end of 2026, currently around 4.07% [1][2] - Danske Bank expects the U.S. Treasury to maintain its forward guidance on fixed-rate auction sizes in upcoming refinancing announcements, with a borrowing estimate reduced by $21 billion to $569 billion for the current quarter [2] - Multiple factors contributing to risk aversion include warnings from Wall Street CEOs about potential market corrections and concerns over a record government shutdown, leading to a continued decline in the market [2] Group 2 - The 10-year U.S. Treasury yield is currently stable above 4%, with analysts noting that the yield has not reached particularly high levels despite recent market volatility [2] - Gold prices are expected to consolidate in a lower trading range of $3,800 to $4,050 per ounce, with a potential rise to above $4,400 in the first half of 2026 after the consolidation period [3] - The Australian central bank has decided to maintain its benchmark interest rate, with inflation risks expected to persist, suggesting the end of the easing cycle that began in February [3]