FX.co ★ US 10-Year Yield Steadies Ahead of Fed Meeting

On Tuesday, the yield on the 10-year US Treasury hovered around 4.43%, holding steady after two days of gains, as investors awaited this week’s Federal Reserve policy announcement. While it is widely anticipated that the Fed will maintain current interest rates, market participants will be closely scrutinizing any signals regarding future monetary policy directions. Speculation about further rate cuts this year has waned due to uncertainties related to trade and inflationary pressures driven by rising oil prices. Today's upcoming US retail sales data could offer new insights into consumer spending strength and the broader economic trajectory. In parallel, geopolitical tensions remained a focal point. President Donald Trump called for the full evacuation of Tehran amidst ongoing Israeli airstrikes, while reiterating that Iran should have accepted his proposed nuclear agreement. Trump also departed the G7 summit in Canada earlier than planned to manage developments in the Middle East.