FX.co ★ US 10-Year Yield Steady Ahead of Fed Decision and Key Data

The yield on the 10-year US Treasury note stabilized around 4.39% on Monday, marking its third consecutive session of limited fluctuation as investors anticipate a critical week for monetary policy and economic indicators. The Federal Reserve is largely expected to maintain current interest rates in their upcoming Wednesday meeting, although market participants will be keenly observing for any indications of a prospective rate cut in September. Additionally, attention is directed towards the latest Personal Consumption Expenditures report—an inflation measure favored by the Fed—for insights on the impact of tariffs on price dynamics. This week's agenda also includes a series of labor market releases, culminating in Friday's highly anticipated monthly employment data. In the trade arena, focus remained on developments after the United States and the European Union reached an agreement over the weekend, establishing a 15% tariff on most EU exports—a reduction from the previously threatened 30%—which helps alleviate broader trade uncertainties.