From Investing.com:

The Treasury yield is falling, narrowing the gap between market rate and the fair-value estimate. Although the market rate remains higher, a continued decline is expected. The 10-year yield closed at 3.98%, more than a percentage point lower than its recent peak. The fair-value estimate is 3.16%, 82 basis points below the current rate. The gap between market rate and model rate is reversing, suggesting normalization in the near future. The extreme conditions are expected to be short-lived, with further narrowing expected. Fair-value modeling provides context for long-term investment strategies.



Read more at Investing.com: 10-Year Treasury Yields Inch Closer to Fair Value, but There’s Still Room to Run