29.04.202602:37:04UTC+00US 10Y Yield Holds Advance Ahead of Fed Decision

The yield on the US 10-year Treasury note hovered near 4.35% on Wednesday, consolidating its recent gains as investors positioned ahead of the Federal Reserve’s upcoming policy decision, widely expected to be Chair Jerome Powell’s final meeting before his term ends in May. The Fed is broadly anticipated to leave interest rates unchanged, but markets will scrutinize policymakers’ assessments of the economic implications of rising tensions in the Middle East. Major central banks in the EU, the UK, and Canada are also scheduled to announce policy decisions this week, while the Bank of Japan delivered a hawkish hold on Tuesday. At the same time, stalled US-Iran talks and the continued closure of the Strait of Hormuz have kept inflation concerns elevated, adding upward pressure on Treasury yields. President Donald Trump was reportedly dissatisfied with Tehran’s latest proposal, insisting that nuclear issues be addressed at the outset of any agreement.