FX.co ★ US 10-Year Yield Holds Steady Ahead of Fed Decision

On Wednesday, the yield on the US 10-year Treasury note steadied at approximately 4.4%, with investors keenly awaiting the Federal Reserve's upcoming monetary policy announcement. Although the Fed is largely anticipated to maintain current interest rates, the market's attention remains fixed on the central bank's future projections, especially in light of the ongoing uncertainties surrounding tariffs and escalating geopolitical tensions. Traders are also keeping an eye on forthcoming US housing data and weekly jobless claims, due before Thursday's market pause. Tuesday saw a decline in Treasury yields as a result of increased demand for safe-haven assets, spurred by rising tensions between Israel and Iran. In the midst of this, President Donald Trump intensified geopolitical anxieties by demanding Iran's "unconditional surrender" and hinting at a possible strike on Supreme Leader Khamenei in a flurry of posts on Truth Social. Concurrently, US retail sales data for May fell short of expectations, although robust wage growth continued to underpin consumer spending.