FX.co ★ Treasury Yields Waver

The yield on the US 10-year Treasury note remained stable at approximately 4.16% on Tuesday, maintaining its position near the highest levels observed in roughly a month. This steadiness comes as market participants anticipate new labour-market data releases and the commencement of the Federal Open Market Committee (FOMC) meeting. Today's agenda includes the release of the postponed Job Openings and Labor Turnover Survey (JOLTS) report along with the weekly ADP employment figures, both anticipated to provide further insights into current labor market conditions. While the Federal Reserve is largely expected to lower the federal funds rate by 25 basis points tomorrow, investor focus will be on the updated dot plot and future projections for the coming year. Presently, money markets are factoring in only two rate cuts for 2026. Additionally, political developments contribute to market sentiment. President Trump is expected to nominate a new Federal Reserve Chair supportive of his preference for dovish policies, although there is concern among market observers that a new Chair might be pressured into advancing excessive rate cuts to fulfill political agendas.