The yield on the US 10-year Treasury note fell to around 4.18% on Wednesday, marking a third consecutive session of declines as investors awaited the latest Federal Reserve policy decision. The central bank is widely expected to leave interest rates unchanged, with traders focused on guidance from Chair Jerome Powell on how oil market volatility could shape future policy. Rising oil prices have heightened inflation concerns, while mixed labor market signals offered little clarity on the rates outlook. Markets do not expect Fed easing until at least September or October, with only one rate cut anticipated this year. Meanwhile, Iran intensified attacks on regional energy infrastructure, while US allies rejected President Donald Trump’s call to help secure commercial shipping through the Strait of Hormuz.
